Raydium Price Prediction: RAY Plunges 22% On News That Pump.fun Is Working On In-House AMM, While This SOL Layer-2 ICO Goes Parabolic
The Raydium price plunged more than 22% in the last 24 hours to trade at $3.32 as of 10:03 p.m. EST as investors sell off their holdings in the altcoin. This steep drop in the RAY price comes after news that Solana meme coin launchpad Pump.fun is testing an in-house AMM, which could replace Raydium as their third-party provider. TLDR on $RAY –@pumpdotfun is currently working on their own automated market maker liquidity pool – $RAY bullish thesis has always been that pumpfun is dependent on raydium (now potentially not the case) – If this AMM LP comes into fruition, tokens created on pumpfun will… pic.twitter.com/SU5gC8A7mP — Binaso (@Binaso8) February 24, 2025 Raydium Price Resting On Support 4-hour chart for RAY/USD (Source: GeckoTerminal) The Raydium price is resting on a key support level at $3.2966, GeckoTerminal data shows. A drop below this technical crutch could lead to the altcoin plunging even further in the following 24 hours. Con...