RAY Token Surges 9% After Upbit Listing, Trading Volume Soars Over 500% to $371 Million

Raydium (RAY) rose 9.17% over the last 24 hours, with the price moving from a 24h open of $2.050 to $2.238, primarily driven by its listing on Upbit, South Korea’s largest crypto exchange, which added RAY/KRW and RAY/USDT trading pairs and triggered a surge in demand and trading activity. The Upbit listing led to a substantial increase in trading volume, with a 500%+ spike to $371 million and open interest in derivatives reaching $32.48 million, the highest since mid-May, reflecting renewed investor interest and heightened market participation. While technical indicators show signs of a potential bullish reversal, the price remains in a zone of indecision with immediate support at $2.24 and resistance at $2.56, as traders digest recent gains and whale activity increases.