$RAY is trading at $2.24—up 14.53%—on a $449 million 24-hour volume with a market cap of $600 million. This breakout was kicked off by the rollout of Raydium X v2, its revamped AMM-aggregator that slashed swap fees by 30% and immediately drove a 25% jump in DEX volume; it was then turbo-charged by yesterday’s surprise FTX Japan listing, which unlocked JPY liquidity and sent volumes soaring over 660%; further bolstered by the launch of Riptide Farms, Raydium’s new yield-optimizer vaults that have already locked up $120 million in TVL; and cemented by a decisive technical reclaim of the $2.00 pivot on heavy volume, with on-chain data showing renewed whale accumulation withdrawing large RAY stakes and tightening effective supply.