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Following
DOGE 
RAY 
SOL 
TAO Key Highlights
Unprecedented token repurchase and network expansion
- RAY token rose 96.5% in seven days, setting its strongest price point since January this year.
- The platform has launched more than 15 tokenized stocks on Solana, covering companies such as Boeing, Costco and Roblox.
- A record single-day token repurchase occurred on September 9, with an amount of US$640,788.
- The total number of locked SOLs on Raydium soared to a record high of 470,817, and the number of active wallet addresses reached 162,085.
- Technical analysis shows that RAY may target a target level of US$1.50, and the key support level is established at US$1.2910.
RAY token price analysis
Raydium's RAY token performed strongly during Thursday's trading session, gaining nearly 9% after the digital asset had risen 41% over the weekend. In the past seven days, the digital asset has increased by 96.5%, marking its highest valuation this year.
This significant increase stems from multiple catalysts, including innovative product supplies, unprecedented indicators of blockchain activity, and an aggressive token repurchase program that reduces the amount of available supply in the market.
The Solana-based decentralized exchange (DEX) has launched tokenized versions of more than 15 well-known U.S. stocks, including Boeing, Costco, Reddit, Lululemon and Roblox. These numbers represent round-the-clock trading through Backpack Securities and Sunrise Protocol. This strategic expansion connects Raydium directly to the expanding movement of real-world asset tokenization in the cryptocurrency market.
Market intelligence platform CoinGecko identified the main factors driving this momentum. Their analysis shows that StonkFun has redirected all new token deployments to Raydium LaunchLab, products such as Backpack's Grindr tokenized securities now flow through Raydium's infrastructure, and the agreement executed its largest repurchase operation on September 9.
In addition, Pump.fun has introduced a "custom trading pair" feature that allows the memin project to create trading pairs for tokenized stocks and other assets. This development puts Raydium strategically at the intersection of two dominant trends on Solana: the memin phenomenon and the tokenization of real-world assets.
Unprecedented token repurchase and network expansion
During Wednesday's trading session, Raydium executed a RAY token repurchase operation worth US$640,788, setting a single-day record high. The total value of all repurchase programs now reaches $2.1 million. These buybacks reduce the number of tokens in circulation and may support price increases while market demand remains relatively stable.
Source: Blockworks
Blockchain data verified the increase in activity. Analytics platform Sanitation recorded that first RAY transfers were made at 1,074 newly created addresses on Wednesday. According to tracking data from DeFiLlama, the number of SOLs deposited in Raydium reached a record peak of 470,817, active wallet addresses reached 162,085, and transaction volume climbed to 3.1 million-both figures set monthly highs.
Earlier this week, Raydium also launched a trading pair of Bittensor (TAO) and Dogecoin (DOGE), further broadening its decentralized financial ecosystem.
Chart Analysis and Price Outlook
RAY is currently trading above US$1.35, remaining above the 50-day, 100-day and 200-day index moving averages. Direct resistance appears around $1.4917, close to the psychologically meaningful $1.50 level.
The Relative Strength Index (RSI) is registered around 81, indicating a severe overbought condition. At the same time, the MACD indicator remains above the signal line, accompanied by positive histogram readings, indicating that bullish momentum is continuing.
The main support level is established at US$1.2910, with other support levels below identified as US$1.1287 and the integer mark of US$1.00.
As of September 10, 2026, the value of RAY is US$1.65.
