Raydium’s native RAY token surged approximately 61% in 24 hours, moving from the $0.80-$0.91 range to above $1.30. This rally was triggered by the integration of the StonkFun launchpad into Raydium’s LaunchLab infrastructure, which brought fresh liquidity and speculation to the platform. Trading volume on Raydium hit approximately $31.8 million during the spike. The protocol allocates 12% of its trading fees to fund buybacks of RAY tokens on the open market, having removed over 30% of RAY’s circulating supply as of late August 2026.
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