RAY Token Surges 16.8% After Upbit Listing and Buyback Program Boosts Demand and Volume

Raydium (RAY) experienced a significant price increase of 16.83% in the last 24 hours, rising from a 24h open of $2.050 to a current price of $2.395 on Binance. This surge is primarily attributed to its recent listing on Upbit, which introduced RAY to KRW and USDT trading pairs and generated strong trading activity, with a reported 24-hour volume exceeding 38 million USDT. The listing has expanded Raydium’s market access in South Korea, driving renewed institutional and retail interest. Additionally, ongoing token buybacks, where 12% of trading fees are used to repurchase RAY, have contributed to positive price momentum and increased demand. The current market capitalization is estimated around $912 million, with active trading and heightened volatility following the Upbit listing and recent bullish developments.