Key Highlights
- RAY token has climbed 96.5% over seven days, hitting its strongest price point since January
- The platform introduced over 15 tokenized equities on Solana, featuring companies like Boeing, Costco, and Roblox
- A historic single-day token repurchase of $640,788 occurred on September 9
- Total SOL locked on Raydium surged to an all-time high of 470,817 tokens alongside 162,085 active wallet addresses
- Technical analysis indicates RAY may target $1.50, with key support established at $1.2910
The RAY token from Raydium has experienced impressive gains approaching 9% during Thursday’s trading session, building on a 41% upward movement that began over the weekend. Across the past seven days, the digital asset has appreciated by 96.5%, marking its most elevated valuation since the beginning of the year.
This remarkable surge stems from multiple catalysts including innovative product offerings, unprecedented blockchain activity metrics, and an aggressive token repurchase initiative that has decreased available supply.
The Solana-based decentralized exchange has introduced tokenized versions of more than 15 prominent US equities, encompassing companies such as Boeing, Costco, Reddit, Lululemon, and Roblox. These digital representations enable round-the-clock trading via Backpack Securities and Sunrise Protocol. This strategic expansion connects Raydium directly to the expanding real-world asset tokenization movement within cryptocurrency markets.
Market intelligence platform CoinGecko identified the primary factors fueling this momentum. Their analysis reveals that StonkFun has redirected all new token deployments to Raydium LaunchLab, tokenized securities such as Backpack’s Grindr offering now flow through Raydium’s infrastructure, and the protocol executed its most substantial buyback operation on September 9.
Additionally, Pump.fun unveiled “Custom Pairs” functionality, enabling memecoin projects to establish trading pairs against tokenized stocks and alternative assets. This development positions Raydium strategically at the convergence of two dominant trends on Solana: the memecoin phenomenon and real-world asset tokenization.
Unprecedented Token Buyback and Network Expansion
During Wednesday’s session, Raydium executed a buyback operation worth $640,788 in RAY tokens, establishing a new single-day record. The aggregate value of all buyback programs has now reached $2.1 million. These repurchase initiatives decrease the number of tokens in active circulation, potentially supporting price appreciation when market demand maintains consistent levels.
Blockchain metrics validate the heightened activity. Analytics platform Santiment documented 1,074 newly created addresses conducting their initial RAY transfers on Wednesday. According to DeFiLlama’s tracking data, the quantity of SOL deposited on Raydium achieved a record peak of 470,817 tokens, while active wallet addresses reached 162,085 and transaction volume climbed to 3.1 million—both representing monthly records.
During the early portion of the week, Raydium additionally unveiled trading pairs for Bittensor (TAO) and Dogecoin (DOGE), broadening its decentralized finance ecosystem.
Chart Analysis and Price Outlook
Currently trading above the $1.35 threshold, RAY maintains positioning above its 50-day, 100-day, and 200-day Exponential Moving Averages. The immediate resistance level emerges around $1.4917, approaching the psychologically significant $1.50 mark.
The Relative Strength Index registers near 81, indicating severely overbought conditions. Meanwhile, the MACD indicator persists above its signal line accompanied by a positive histogram reading, signaling that bullish momentum continues.
Primary support establishes itself at $1.2910, with additional floors identified at $1.1287 and the round-number level of $1.00 beneath that.
As of September 10, 2026, RAY is valued at $1.65.
