Big news in the world of crypto! Raydium, a place where people trade crypto on the Solana network, is facing some trouble. A company called Pump.fun might be building its own trading place, which could take away some of Raydium's business.
- Pump.fun is testing its own trading system, which could compete with Raydium.
- This could mean less trading on Raydium, making its RAY tokens less valuable.
- The price of RAY has dropped a lot recently.
| Fact | Number |
|---|---|
| RAY token price drop in 24 hours | 29.1% |
| RAY token price drop in 7 days | 34.5% |
| Raydium's Total Value Locked (money invested) | $1.46 billion (down from $2.96 billion) |
| Average cost to graduate tokens to Raydium | $950 |
