Raydium Price Approaches $4: Buyback Program Fuels Bullish Momentum

Raydium’s price is surging, with trading volume skyrocketing over the past 24 hours, prompting analysts to assess its future trajectory. Currently hovering above $3.29, this surge coincides with a notable buyback program led by Raydium itself. The protocol has amassed a staggering $208 million worth of tokens through aggressive buybacks. This sustained effort has consistently increased the total amount of RAY bought back, adding more buying pressure to the market.