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news-imageAugust 2, 2024

Raydium's RAY Token Drops 6% After Failed Meme Coin Launch Attempt

TL;DR Meme Coin Mishap: Solana-based DEX Raydium attempted to launch a meme token called CTO via Twitter. However, another CTO token deployed by Makememe.now caused confusion, leading to a 75% drop in the official Raydium CTO meme token within 24 hours. User Frustration and Raydium's Response: Users expressed frustration after losing funds.
Publisher: Crypto Economy
Sentiment: Negative
RAY

More News Articles

Positive
cover-imageCryptonews
April 17, 2025

Solana Bulls Eye $200 as Raydium Debuts LaunchLab — Here's What Traders Should Know

Solana (SOL) and Raydium (RAY) have jumped in the past 24 hours after the decentralized exchange launched a new tool called LaunchLab that competes directly with its former partner, Pump.fun.In late March, Pump.fun launched an automated market maker (AMM) and broke up with Raydium after collaborating for many months. Introducing LaunchLab, Raydium's all-in-one token launchpad.

Neutral
cover-imageCointelegraph
April 17, 2025

Raydium debuts LaunchLab to rival memecoin maker Pump.fun

The firm behind the Solana-based automated market maker (AMM) Raydium has launched its memecoin-making protocol, LaunchLab, which looks to compete with Pump.fun.The arrival of LaunchLab on April 16 comes a month after Pump.fun, previously a key contributor to Raydium's revenue, severed ties with the firm by moving its token migration from Raydium's liquidity pools to its own new decentralized exchange, PumpSwap. LaunchLab will leverage Raydium's liquidity pools and aim to dethrone Pump.fun as the leading Solana memecoin launchpad.

Positive
cover-imageInvezz
April 16, 2025

Raydium's token launch tool goes live, challenges Pump.fun

Solana's leading decentralized exchange, Raydium, has officially released LaunchLab, an “all-in-one token Launchpad” for developers, creators, and the entire Web3 community. The move represents the latest escalation of the battle between Solana products Raydium and Pump.fun, which used to work together. Raydium hinted at LaunchLab in mid-March and promised unique features that will rival Pump.fun.

Positive
cover-imageCointelegraph
March 20, 2025

Pump.fun launches own DEX, drops Raydium

Pump.fun has launched its own decentralized exchange (DEX) called PumpSwap, potentially displacing Raydium as the primary trading venue for Solana (SOL) memecoins. Starting on March 20, memecoins that successfully bootstrap liquidity, or “bond,” on Pump.fun will migrate directly to PumpSwap, Pump.fun said in an X post.

Positive
cover-imageInvezz
March 19, 2025

RAY price prediction as Raydium plans to launch a Pump.fun competitor

Raydium, a Solana-based DEX, is reportedly planning to introduce a meme cryptocurrency factory alternative to Pump.fun. The upcoming Raydium LaunchLab will ensure exponential logarithmic bonding curves matching the asset's price and demand (similar to Pump.fun). The only difference is that it will allow third-party UIs to determine their fees.

Negative
cover-imageThe Currency Analytics
February 26, 2025

Raydium Faces Bearish Pressure as Price Drops Below $4.20

Raydium (RAY) has recently experienced significant selling pressure, causing a steep decline in its price due to market uncertainty and negative sentiment. The token has seen a 21.04% drop as its price fell below the $4.20 key support level, which had previously served as a critical threshold for the asset's price stability.

Neutral
cover-imageThe Currency Analytics
February 26, 2025

Raydium (RAY) Price Prediction 2025-2030

Raydium (RAY) is a decentralized exchange (DEX) and automated market maker (AMM) built on the Solana blockchain. it offers fast transactions, low fees, and seamless liquidity within the Solana ecosystem.

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