RAY Token Surges 18% After Upbit Listing, Boosting Liquidity and Market Cap Into Top 100

Raydium (RAYUSDT) experienced a significant 18.16% price increase over the last 24 hours, rising from 2.060 to 2.434, with this surge largely attributed to its recent listing on Upbit, South Korea’s largest exchange, which expanded trading access and liquidity for both KRW and USDT pairs. This positive momentum follows a period of high volatility, including a sharp 10% drop on June 12, 2025, due to short selling pressure and long position liquidations, as well as ongoing support from token buyback initiatives that have previously driven bullish sentiment. Currently, Raydium trades with robust volume (daily trading between $31M and $38M), a market cap ranging from $725M to $761M, and a circulating supply of 290.3M out of a 555M maximum, positioning it within the top 100 cryptocurrencies by market capitalization. While recent developments have improved sentiment and market activity, analysts remain cautious about continued volatility and a mixed outlook for the remainder of 2025.