$RAY ray Fundamental Update (2)

After deepseek triggered a massive shock in U.S. tech stocks, sentiment in the crypto circle has weakened, and trading on the Solana chain has been particularly affected.

Currently, ray's trading volume has decreased to 2.7b, ranking third, even lower than pancake. If the sentiment continues to decline, what can support ray's valuation, which is four times that of cake?

Continuing to be bearish on ray, target price 5