Raydium Explodes 96% as Buybacks and Tokenized Stocks Fuel Rally

• RAY surged 96.5% weekly as tokenized stocks boosted Raydium’s growing Solana ecosystem.
• Record $640,788 buyback and rising activity strengthened bullish momentum around RAY.
• RAY remains bullish, but overbought RSI could trigger profit-taking near key resistance levels.

Raydium — RAY, has suddenly become one of Solana's strongest performers after a remarkable weekly surge. RAY gained 96.5% over seven days, reaching levels unseen since January. Thursday added another 9%, extending a rally that began Sunday. Fresh tokenized stock launches have strengthened demand around Raydium's ecosystem. Record network activity has also added weight to the bullish narrative. Meanwhile, a record buyback removed more RAY from circulation. Traders now wonder whether momentum can carry RAY toward higher resistance levels.

Tokenized Stocks Strengthen Raydium's Growth Story

Raydium launched more than 15 tokenized US stocks on Solana Network. The lineup includes Boeing, Costco, Reddit, Lululemon, and Roblox. Users can trade these assets around the clock through Backpack Securities and Sunrise Protocol. The launch connects Raydium with the expanding real-world asset sector. Tokenized stocks allow blockchain users to gain exposure to traditional financial assets. Raydium now benefits from growing interest across both crypto and traditional markets.

… Continue reading the full article at the original source below.