RAY pulls back after $1.75; tokenized stock volume on Solana tops $4 billion
- —RAY rose from $0.8146 on September 4 to $1.7547 on September 11, and was $1.4714 by September 13
- —RAY trading volume rose from $420,000 on September 4 to $18.28 million on September 11
- —Cumulative tokenized stock volume on Solana has exceeded $4 billion
- —Raydium directs 12% of fees to buying back RAY; 30-day fees were $20.21 million
Why it matters: Growth in tokenized stocks on Solana supports Raydium's volumes, but a direct link to the RAY price has not yet been confirmed.
Source: TokenPost