$RAY update: my thesis on gg.xyz is playing out.
Since my September 1 post, $RAY is up around 2.18x.
The move has been backed by real flow too.
StonkFun moved new launches to Raydium LaunchLab, Raydium printed its largest daily buyback ever on September 9, and $RAYCAT is adding another source of demand through its RAY pair and holder rewards.
$RAY is now up roughly 94% on the week.
The setup remains the same: stronger activity, higher fee capture, more room for buybacks.
Watching whether that holds after this first leg.
Since my September 1 post, $RAY is up around 2.18x.
The move has been backed by real flow too.
StonkFun moved new launches to Raydium LaunchLab, Raydium printed its largest daily buyback ever on September 9, and $RAYCAT is adding another source of demand through its RAY pair and holder rewards.
$RAY is now up roughly 94% on the week.
The setup remains the same: stronger activity, higher fee capture, more room for buybacks.
Watching whether that holds after this first leg.
