【Veteran Crypto Watch】$RAY
What makes this move in Raydium worth watching isn’t just the price increase, but the link between protocol trading revenue and RAY buybacks. According to Raydium’s official documentation, 12% of trading fees from CLMM and CPMM go toward RAY buybacks, while another 4% goes to the protocol treasury. The more active trading is, the more closely the protocol’s revenue and buyback mechanism deserve attention.
As for the price, RAY recently rose from around $1.87 to about $2.50, gaining nearly 20% in seven days, but has already pulled back after surging. Chasing it at current levels isn’t advisable. In the short term, watch whether it can find support in the $2.27–$2.30 range, and whether trading volume recovers during a rebound.
If buying pressure returns, it may have a chance to challenge the previous high. If support gives way, this rally could turn out to be just a short-term bounce.
Entry: $2.28–$2.35 (after support holds and increased volume confirms)
Take profit: $2.45 / $2.53 / $2.65 / $2.78 / $2.95
Stop loss: $2.18
What makes this move in Raydium worth watching isn’t just the price increase, but the link between protocol trading revenue and RAY buybacks. According to Raydium’s official documentation, 12% of trading fees from CLMM and CPMM go toward RAY buybacks, while another 4% goes to the protocol treasury. The more active trading is, the more closely the protocol’s revenue and buyback mechanism deserve attention.
As for the price, RAY recently rose from around $1.87 to about $2.50, gaining nearly 20% in seven days, but has already pulled back after surging. Chasing it at current levels isn’t advisable. In the short term, watch whether it can find support in the $2.27–$2.30 range, and whether trading volume recovers during a rebound.
If buying pressure returns, it may have a chance to challenge the previous high. If support gives way, this rally could turn out to be just a short-term bounce.
Entry: $2.28–$2.35 (after support holds and increased volume confirms)
Take profit: $2.45 / $2.53 / $2.65 / $2.78 / $2.95
Stop loss: $2.18