RAY Token Surges 14% After Upbit Listing, Trading Volume Soars Past $400 Million

Raydium (RAY) experienced a significant price increase of approximately 14% over the last 24 hours, with the current Binance price at $2.269, up from a 24-hour open of $1.991. This price surge is primarily attributed to the June 19, 2025 listing of RAY on Upbit, South Korea’s largest cryptocurrency exchange, which introduced new KRW and USDT trading pairs and triggered heightened trading activity and market attention. The news of the listing led to a rapid spike in trading volumes—reported between $371 million and $444.8 million in the past day—and a sharp rally that saw RAY reach intraday highs near $2.49 before retreating to current levels. Notable whale activity, including a transfer of over 900,000 RAY (worth $2.26 million) to Binance, contributed to increased volatility and potential profit-taking. Technical indicators show mixed signals, with bullish momentum following the news-driven rally but resistance holding near recent highs. Overall, RAY’s market is characterized by elevated volume, increased short-term volatility, and a price trend driven by major exchange listing news and large holder transactions.