Raydium's 26% rally cools down below $1.80 — Is downside liquidity calling for RAY?
Raydium rallied on the price charts as the broader cryptocurrency market saw green across the board. In this case, the timing was particularly interesting. Especially since it followed Injective‘s Solana expansion which strengthened RAY’s fundamentals. To be specific, Injective‘s Solana launch introduced another potential source of trading activity for Raydium’s decentralized exchange. Reportedly, Raydium joined the rollout as a day-one liquidity partner, granting Injective assets immediate access to Solana blockchain liquidity. Here, it is also important to note that Raydium accounts for over 90% of memecoin DEX trading volume on Solana. In fact, its cumulative tokenized stock volume recently surpassed $5 billion on the blockchain. The aforementioned integration will also enable participants to trade Injective ecosystem tokens through Raydium, eventually funneling additional swaps and liquidity. For its part, RAYs price gained by 15.19% over 24 hours. Its trading volume simultaneously surged by 125.5% too, hinting at greater market participation. Are retail traders on board with RAY? While the altcoin‘s price action did surge, so did the retail Futures activity. This pushed trading frequency into the “Too Many Retail” area. In fact, this metric’s reading implied that smaller traders increasingly entered Futures trading as RAYs price pushed higher. Furthermore, the 90-day Futures Taker CVD also maintained taker-sell dominance across









