RAY Token Surges 25% After Upbit Listing, Hits $2.49 Amid $38M Trading Volume Spike

Raydium (RAY) experienced a notable price surge in the last 24 hours, primarily driven by its new listing on Upbit, one of South Korea’s largest cryptocurrency exchanges. The introduction of RAY/USDT and RAY/KRW trading pairs on June 19, 2025, led to a sharp increase in trading activity and demand, with the 24-hour trading volume for RAYUSDT exceeding 15 million RAY and 38 million USDT. This event triggered a rapid price rally, with RAY peaking at $2.49 on Upbit and showing an intraday gain of up to 25%. Additional momentum was observed from significant whale activity, including a transfer of 906,788 RAY (approximately $2.26 million) to Binance, which contributed to increased liquidity and short-term volatility as large holders adjusted their positions.

Currently, RAY is trading at $2.265 on Binance, up 10.33% from the 24-hour open of $2.053, reflecting strong market interest and heightened liquidity following the Upbit listing and associated trading flows. The asset remains volatile, with elevated trading volumes and a market cap likely exceeding $500 million, supported by broader enthusiasm for Solana ecosystem DeFi tokens.