#raydium Recently, the RAY token experienced a significant price drop of approximately 30% in a single day. This sharp decline is largely attributed to rumors that Pump.fun, a Solana-based memecoin launchpad, is developing its own AMM. Such a move could potentially divert trading volume away from Raydium, impacting its revenue and market position.

As of now, the RAY token is trading at $2.92 USD, reflecting a decrease of $1.37 (approximately 31.94%) from the previous close. The intraday high was $4.30 USD, and the intraday low was $2.89 USD.