Raydium Sharp Up 40% Reach $4.10 on Record DEX Volume, Near $200M Buyback
Raydium (RAY) rally reach $4.10 on August 14, up 40% for di week, na powered by 47% increase for 24-hour trading volume. For July, dis Solana-based DeFi protocol break new DEX volume record at $40.1 billion (+71% MoM) and make $18.3 million revenue (+137% MoM). Raydium buyback program wey dey nearly $200 million cap don buy back 3.45 million RAY (~$9.5 million) for July through programmatic and discretionary moves. Di platform Solana DEX market share climb back to 45%, support by di Launchlab integration and xStocks tokenized equities liquidity hub. Whale net-buy activity reach over 1.04 million RAY, while seven-week high exchange inflows dey signal profit-taking. With momentum indicators (DMI, RVI) still bullish, Raydium fit push past $4.50, but short-term pullback to $2.84 possible as people dey take profit.
Bullish
Raydium strong price increase, record DEX volume and aggressive buyback program don create bullish momentum for RAY. Short-term, di spike for trading volume and positive net-buy whale activity dey support further upside, fit test resistance levels around $4.50. Long-term, steady programmatic repurchases wey near $200 million and growing market share for Solana DEX dey reinforce confidence, boost liquidity and reduce circulating supply. Even though profit-taking from high exchange inflows fit cause temporary pullbacks to $2.84, overall trend remain bullish as momentum indicators (DMI, RVI) dey signal continued strength.