Raydium Token Dips 22% Amid Pump.Fun AMM Speculation

Raydium Token Dips 22% Amid Pump.Fun AMM Speculation

Raydium’s RAY token suffered a steep decline of 22% in the past 24 hours, dropping to $3.28 amid rumors that Pump.fun is developing its own automated market maker (AMM). Over the last hour alone, the token has shed another 5%, according to data from GeckoTerminal. The...