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News Explorer — Raydium's RAY Token Slumps After Unsuccessful Launch of Meme Coin

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Aug 2, 10:19 am
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Raydium's RAY Token Slumps After Unsuccessful Launch of Meme Coin

Solana DEX Raydium's RAY token has dropped 5.1% in a day and 12.9% in a week after a failed attempt to launch a meme coin using a Twitter token launchpad. The experiment resulted in confusion among traders, causing the official Raydium CTO meme token to plummet by over 75% in 24 hours.

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