RAY Token Surges 28% Following Raydium’s LaunchLab Announcement
- RAY token increased by 28%, from $1.6 to $2, after Raydium announced its LaunchLab platform.
- LaunchLab aims to compete with Pump.fun by offering a meme coin launchpad with unique features.
- The meme coin sector’s market cap has decreased by approximately 65% since its peak.
- Pump.fun’s graduation rate for tokens has been below 1% since February.
The RAY token saw a significant rise in value following the announcement of Raydium’s new LaunchLab platform, designed to rival Pump.fun in the meme coin sector. Despite this development, the overall market for meme coins continues to decline significantly.
Source (2.6)https://cryptobriefing.com/raydium-competes-with-pump-fun/?rand=59535
