$RAY surged, with a 24-hour gain of over 60%. It has a bit of the feel of altcoin season—you sing the chorus, and I jump in!
What happened?
The direct trigger for RAY’s sharp surge is: StoneFun has launched on Raydium LaunchLab. StoneFun is a token issuance platform on the Solana chain, which means all future new token deployments from StoneFun will go through LaunchLab. This can directly bring huge trading traffic and liquidity to Raydium, which is a substantial positive for RAY.
What happened?
The direct trigger for RAY’s sharp surge is: StoneFun has launched on Raydium LaunchLab. StoneFun is a token issuance platform on the Solana chain, which means all future new token deployments from StoneFun will go through LaunchLab. This can directly bring huge trading traffic and liquidity to Raydium, which is a substantial positive for RAY.