themarket.periodical Raydium challenges Pump.fun with its own meme coin platform as RAY rebounds from recent declines.

RAY, Raydium's utility and governance token, surged around 28%, rising from $1.6 to $2 on Tuesday following reports that the firm is rolling out its own meme coin launchpad that could challenge Pump.fun, the go-to platform for meme token debuts. #Ray