RAY token surged 17.43% in a single day, driven by a sharp increase in Raydium activity. Daily active users jumped 77.7% to reach 162,085, while transactions climbed to 3.1 million, representing a 1.9 million increase. Trading volume on the platform simultaneously surged 288% to $435.13 million on September 9th. However, the spot market recorded $466,000 in net selling pressure over 24 hours, following approximately $23 million in RAY sales, raising questions about the sustainability of the rally. TVL remained stable at $1.124 billion, suggesting no significant fresh capital entered the protocol.
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