EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Redim surged 96%, driven by buybacks and tokenized stocks

2026-09-12 20:41:02
Bookmark

RAY's weekly gain reached 96.5%, tokenized stocks boost Raydium's ecological prosperity.

With the rise of tokenized stocks, Raydium's influence in the Solana ecosystem is growing. RAY prices surged 96.5% this week, setting a new high since January this year. It rose 9% in a single day on Thursday, extending the strong rally that began on Sunday. The new launch of tokenized stock projects has boosted market demand for the Raydium ecosystem, while record online activity further consolidates the bullish narrative. At the same time, a record repurchase operation removed more RAY tokens from circulation, causing traders to focus on whether this momentum could push RAY past key resistance levels.

Tokenized stocks strengthen Raydium's growth logic

Raydium has launched tokenized versions of more than 15 major U.S. stocks on the Solana network, including Boeing, Costco, Reddit, Lululemon and Roblox. Users can trade these assets around the clock through Backpack Securities and Sunrise Protocol. The move closely connects Raydium with the rapidly expanding real-world assets (RWA) sector, giving blockchain users easy access to traditional financial assets, attracting both attention from the cryptocurrency and traditional finance sectors.

Data shows that StonkFun has launched all new projects to Raydium LaunchLab;Backpack's Grindr tokens are also traded and settled through Raydium. In addition, Pump.fun has launched a "custom trading pair" feature that allows users to trade meme coins using tokenized stocks. This innovation further opens up the barrier between Meme culture and the tokenization of real assets, two popular narratives in the Solana ecosystem.

Meme coins remain one of the main drivers of Solana's online activities, while tokenized real assets are another fast-growing area. Raydium is now at the intersection of these two trends and is expected to increase overall transaction volume through synergy and increase demand for RAY tokens in the long term. However, achieving sustainable growth still requires continued adoption rates that exceed initial hype enthusiasm.

Record repurchase injects momentum into RAY, targeting $1.50

On September 9, Raydium completed the largest single repurchase in the history of the platform, spending US$640,788 to repurchase RAY tokens. As of now, the cumulative repurchase amount has reached approximately US$2.1 million. Repurchase behavior directly reduces circulation supply and helps support price increases while demand remains healthy. This large repurchase has added important positive factors to RAY's current bullish pattern.

On-chain data also shows a significant increase in Raydium's online activity. Sanitation data showed that 1,074 new addresses were added to transfer RAY tokens for the first time on Wednesday in September;DeFiLlama reported that the total number of SOLs pledged on Raydium reached 470,817, and the number of active addresses was 162,085. The transaction volume that day climbed to 3.1 million, setting a monthly high. These indicators show that while prices have risen sharply, network participation has also increased simultaneously.

Earlier this week, Raydium also expanded its trading support for Bittensor and Dogecoin. The launch of more trading pairs is expected to attract more users and liquidity, further consolidating its position in the Solana decentralized exchange (DEX) field. As of September 10, 2026, the RAY price is approximately US$1.65 and remains stable above the 50th, 100th and 200th index moving averages. Although the short-term momentum is slightly overbought, the overall technical structure is still biased towards the buyer.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP