Ray seems to have kicked off, but I was really waiting for it to dip to around 0.75. Every time it started to slide, funds would come in to pump it back up, and the longer I waited, the higher the price went, forcing me to FOMO in. I still have over half my position open, and if it doesn’t drop, I might miss the chance to average down. I’m zen about it, whether it goes up or I get to add to my stack.
Raydium's style isn’t aligned with pump schemes; pumps are just fake revenue and fake buybacks. They claim to have burned 36% of circulating coins, yet the price has dropped by more than half. You know they’re probably dumping behind the scenes. Ray's operations are actually way more stable and reliable compared to pump. The downside is that their team hasn’t raised much capital, unlike pump, which raked in billions during the bull run! I have to hand it to the UK little bro for their ruthless tactics, plus the SOL meme season brought in a hefty couple hundred million in fees. On the surface, they’ve pocketed around 2 billion, not counting the memes they’ve launched themselves—pretty ruthless.
Ray still relies heavily on the SOL ecosystem for growth. The treasury has about 50 million in USDT and SOL, while a good chunk is from buybacks of RAY. This portion has a market cap of around 60 to 70 million, and the funds used for buybacks were around 200 million dollars. The team isn’t short on cash and isn’t engaging in any shady practices; the buybacks are hardcoded and publicly verifiable. It all comes down to how well they execute their business. Trust in the power of time $RAYSOL
Raydium's style isn’t aligned with pump schemes; pumps are just fake revenue and fake buybacks. They claim to have burned 36% of circulating coins, yet the price has dropped by more than half. You know they’re probably dumping behind the scenes. Ray's operations are actually way more stable and reliable compared to pump. The downside is that their team hasn’t raised much capital, unlike pump, which raked in billions during the bull run! I have to hand it to the UK little bro for their ruthless tactics, plus the SOL meme season brought in a hefty couple hundred million in fees. On the surface, they’ve pocketed around 2 billion, not counting the memes they’ve launched themselves—pretty ruthless.
Ray still relies heavily on the SOL ecosystem for growth. The treasury has about 50 million in USDT and SOL, while a good chunk is from buybacks of RAY. This portion has a market cap of around 60 to 70 million, and the funds used for buybacks were around 200 million dollars. The team isn’t short on cash and isn’t engaging in any shady practices; the buybacks are hardcoded and publicly verifiable. It all comes down to how well they execute their business. Trust in the power of time $RAYSOL
