The token linked to the Raydium protocol, $RAY, is no different in this regard. In the recent past, it has seen significant downturns, with a 30% drop closely following the announcement from Pumpdotfun that they had created an AMM. The fall, of course, got “some whales” like DMBZ2…XvQvD feeling quite uneasy. We have no way of knowing for sure, but this isn’t a great look for the market when “whaling” as part of the DeFi ecosystem entails having to take significant losses just to maintain a position of any consequence. Uncertainty plagues the $RAY token’s future. Whale Reduces Position in
The post $RAY Token Takes a Hit: Whale Sells Off Holdings Amidst Uncertainty Over New AMM Launch appeared first on The Merkle News.
