Raydium RAY

What RAY actually is on-chain

Raydium is an SPL token deployed on Solana, at contract address 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R. That address, not the ticker RAY, is what uniquely identifies this asset: anyone can deploy a second token calling itself RAY, but the contract is unforgeable. Verify it against solscan.io before sending funds or approving a spend.

On Solana the token account model means RAY is held in an associated token account derived from the mint above, and a wallet has to be rent-funded in SOL before it can receive the token at all. Fees are a fraction of a cent, so the cost of trading RAY is dominated by pool slippage in Raydium and Orca pools, not by gas — the opposite of the EVM case.

For RAY the project publishes a public source repository and an active account as @Raydium. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where RAY sits in the market

#180 places Raydium in the upper mid-cap band. Liquidity is already fragmented at this depth: a large share of real RAY volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 6 live RAY order books (Binance, OKX, Gate.io, HTX, Upbit, Bithumb). That is wider coverage than most assets ranked near #180 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

RAY against its all-time high

RAY trades 90.1% below its $16.83 record (on 2021-09-12), which puts a 10.1x recovery between spot and that level. A drawdown of this size is usually a structural break rather than a correction — the market that set the high and the market trading today are not the same market. Using that print as a price objective is not a conservative assumption, it is a very aggressive one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

RAY across its historical range

RAY has traded across a 125x range, between $0.1344 and $16.83. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

Spot is about 12.4x above the all-time low of $0.1344 (on 2022-12-29) — a substantial recovery, but one where a meaningful share of the holder base still has a cost basis within the visible range rather than far beneath it.

RAY supply structure

RAY is capped at 555.0 million RAY, of which only 269.0 million is circulating — 48.5% issued, leaving 286.0 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset RAY is

Raydium is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files RAY under 10 categories, including Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Yield Farming, Automated Market Maker (AMM). CoinGecko also records deployments on Solana (3,129 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a Raydium alert that is worth receiving

Raydium is the SPL token at 4k3Dyj…kX6R on Solana — quoted on 6 venues we stream — high dated 2021-09-12 — rank #180. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →