Raydium token RAY ‘falling off a cliff’ as Pump.fun rumored as testing AMM
The token for the Solana-based decentralized exchange (DEX) and automated market maker (AMM) Raydium dived on Feb. 24 amid speculation that the memecoin launchpad Pump.fun is working on a similar AMM ...
RAY’s market cap slips below $1B as Pump.fun challenges Raydium’s DEX lead
Raydium’s native token plummeted on Monday as bearish sentiment limited Bitcoin’s movements around $95K. While broad market weaknesses contributed to RAY’s slump, rumors of Pump.fun’s upcoming AMM ...
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Raydium’s RAY Dives 25% as Pump.Fun Appears to Test Own AMM Exchange
When the market capitalization of any token reaches $69,000, a portion of liquidity is deposited to the Solana-based exchange Raydium and burned (or when tokens are taken out of supply permanently).