raybuyback

Raydium's token supply is shrinking while most alts inflate. Nobody's pricing that in.

RAY buybacks hit $640K in a single day, the largest in 19 months, pushing cumulative repurchases past 30% of circulating supply, funded entirely by protocol fees.

$640K buyback, Sept 9, 19-month high
Q2 xStocks volume: $1.63B, tripled YoY
RAY reclaimed $1 after June's $0.53 low
12% of every swap fee auto-routes to buybacks, on-chain
Hidden angle: Market treats this as a memecoin bounce. It's a fee-buyback flywheel, closer to equity buybacks than speculation.

Supply compression plus expanding fees creates asymmetric upside if volume holds through the Sept 14 Solana Summit, where SEC Chair Atkins headlines.
Buyback pace sustains post-Summit.
xStocks volume stalls, breaking the flywheel.
Undervalued deflationary mechanism, or a narrative that fades after the Summit?

#RAYBuyback #SolanaSummit2026 #xStocks #DeflationaryDeFi #RaydiumFlywheel