Raydium (RAY) Holds Ground, Trades Near $2.60 Despite 9.5% Drop

After a 9.52% daily decline, Raydium (RAY) stabilized near the $2.60 mark, though trading volume surged by 69.34% to reach $83.71 million. Market cap dropped to $746.38M while FDV remained at $1.43B. The token recovered from an intraday low of $2.51 to settle at $2.60, a 9.52% drop over the past 24 hours. Raydium’s market cap fell by 8.75%, while FDV remains stable at $1.43 billion. Trading volume is significantly higher than usual, driving the volume-to-market-cap ratio to a robust 11.35%. Despite this price correction, RAY’s total value locked (TVL) stands at $1.94 billion.