RAY Price Slides 23% While Raydium Pockets Its Best Fees in a Year

RAY failed to reclaim its 200-period moving average on the 4-hour chart. Raydium’s quarterly trading fees more than tripled on launchpad and tokenized-stock activity. Buybacks absorbed a noticeable share of RAY’s circulating supply during the quarter. Early October data shows protocol activity cooling after an exceptionally strong September. The RAY price is down 23.7% over the past seven days and sits around $1.82, even though Raydium, the Solana-based decentralized exchange behind the token, has just closed its strongest fee quarter in a year.

Source: Crypto News Flash