Raydium (RAY) has experienced a significant rally, reaching its highest level since December 2021. This surge in price is attributed to an increase in network volume, driven by the popularity of meme coins such as Official Trump (TRUMP) and Melania (MELANIA). Raydium processed a record $42 billion in volume last week, surpassing many centralized exchanges. Its 30-day trading volume has exceeded Uniswap and PancakeSwap. Raydium aims to enter the futures industry and has a futures exchange in public beta. The company has also conducted a token buyback program, repurchasing a significant number of tokens. The RAY price has continued to rally, breaking key resistance levels, but a drop below $6.50 would negate the bullish outlook.



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