RAY has risen 37.8%, with the current price at $1.14 and a market cap of $310 million. It is the platform token of Raydium, a leading DEX in the Solana ecosystem, and many mainstream on-chain trading pairs are swapped in its pools. Today, several tokens in the Solana ecosystem are crowded near the top of the gainers list, and RAY is the one surging the hardest.
When the ecosystem heats up, platform tokens usually run the fastest — I understand that logic. But by the time I saw RAY on the list, the 37.8% move was already history. Every time a moonshot coin takes off, I’m the one who always notices late. By the time I get the urge to jump in, most of the meat is already gone, and entering then just means helping others carry the bags.
A $310 million float isn’t exactly tiny, but it can still be dragged down by one big bearish candle. I don’t have this coin in my wallet. I may be tempted, but for a setup like this I usually only dare to watch. Chasing moonshot coins usually ends with me getting trapped every time. I’ve learned my lesson.
When the ecosystem heats up, platform tokens usually run the fastest — I understand that logic. But by the time I saw RAY on the list, the 37.8% move was already history. Every time a moonshot coin takes off, I’m the one who always notices late. By the time I get the urge to jump in, most of the meat is already gone, and entering then just means helping others carry the bags.
A $310 million float isn’t exactly tiny, but it can still be dragged down by one big bearish candle. I don’t have this coin in my wallet. I may be tempted, but for a setup like this I usually only dare to watch. Chasing moonshot coins usually ends with me getting trapped every time. I’ve learned my lesson.