Raydium has spent nearly 200 million USD to buy back 71 million RAY Tokens, accounting for 26.4% of the total circulating supply.
This activity is monitored through SolanaFloor's data, providing a clear insight into Raydium's Token recovery strategy aimed at controlling the circulating supply.
MAIN CONTENT
Raydium has spent 196.3 million USD to buy back 71 million RAY Tokens.
The data is cited from SolanaFloor and analyzed by a well-known contributor on platform X.
How much money has Raydium spent to buy back RAY Tokens?
Raydium has used a total of 196.3 million USD for the recovery of RAY Tokens.
What does the buyback of RAY Tokens mean for the circulating supply?
The buyback of 71 million Tokens accounts for 26.4% of the total circulating RAY supply, allowing Raydium to directly control the supply.
This strategy not only minimizes selling pressure in the market but also serves as a tool to stabilize the value of Tokens. This means that Raydium is proactively managing the volatility of RAY's price, increasing the long-term sustainability of their cryptocurrency ecosystem.
Where does the data and information supporting the buyback of this Token come from?
The data is extracted from SolanaFloor and published by 0xINFRA—a trusted contributor on platform X.
The transparency in using credible data from SolanaFloor helps increase trust in the figures regarding the money spent and the amount of Tokens recovered. This also indicates the transparency in Raydium's operations, building trust for closely monitoring investors.
Frequently Asked Questions
What is Raydium's purpose for buying back RAY Tokens?
Raydium recovers Tokens to control the circulating supply and stabilize the value of Tokens in the market.
What percentage of the total circulating supply does 71 million RAY Tokens account for?
Accounting for approximately 26.4% of the total circulating RAY Tokens, it represents a significant proportion.
Where is the data on the buyback of RAY Tokens sourced from?
The data is based on SolanaFloor and published by contributor 0xINFRA on the social network platform X.
How does the Token buyback affect the value of Raydium?
Helps increase stability and control volatility, reinforcing trust for long-term investors.
How much money has Raydium spent in total on the buyback of Tokens?
Approximately 196.3 million USD was spent on the buyback of RAY Tokens.
Source: https://tintucbitcoin.com/raydium-dau-tu-196-trieu-usd-mua-ray/
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