RAY Token Jumps 15% After Upbit Listing, Trading Volume Surges Over 600% in 24 Hours

Raydium (RAY) saw a sharp price increase of 15.21% over the past 24 hours, rising from a 24h open of $1.973 to $2.273 on Binance. This surge is primarily attributed to its new listing on Upbit, South Korea’s largest cryptocurrency exchange, which began supporting RAY/KRW and RAY/USDT trading pairs on June 19, 2025. The listing triggered a rapid influx of trading activity, with intraday volume spiking over 600% and total 24-hour volume reaching approximately $431–$445 million. The heightened attention also led to significant price volatility, with RAY reaching an intraday high of $2.64 before consolidating above $2.26. Technical indicators remain bullish but signal caution due to the rapid move and potential for short-term corrections. Overall, RAY’s market cap stands near $602 million, and the token is experiencing elevated liquidity and trading activity across major exchanges following the Upbit listing.