Raydium (RAY) surged 12% in a single day, driven by record earnings. The protocol generated approximately $3.87 million in September, its strongest month in a year, bringing cumulative total earnings to $23.26 million. LaunchLab, the token launch infrastructure, contributed 25% of the capital used for RAY buybacks, totaling $2.64 million. Despite $311,530 in spot net selling over 24 hours, trading volume exceeded $68 million and the taker buy-sell ratio stood at 1.15, suggesting sustained bullish momentum.
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