{"id":629665,"date":"2025-02-24T03:37:34","date_gmt":"2025-02-24T03:37:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=629665"},"modified":"2025-02-24T03:37:34","modified_gmt":"2025-02-24T03:37:34","slug":"raydium-price-prediction-ray-plunges-22-on-news-that-pump-fun-is-working-on-in-house-amm-while-this-sol-layer-2-ico-goes-parabolic","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/raydium-price-prediction-ray-plunges-22-on-news-that-pump-fun-is-working-on-in-house-amm-while-this-sol-layer-2-ico-goes-parabolic","title":{"rendered":"Raydium Price Prediction: RAY Plunges 22% On News That Pump.fun Is Working On In-House AMM, While This SOL Layer-2 ICO Goes Parabolic"},"content":{"rendered":"
The Raydium price plunged more than 22% in the last 24 hours to trade at $3.32 as of 10:03 p.m. EST as investors sell off their holdings in the altcoin.<\/span><\/p>\n This steep drop in the RAY price comes after news that Solana meme coin launchpad Pump.fun is testing an in-house AMM, which could replace Raydium as their third-party provider.<\/span><\/p>\n TLDR on $RAY<\/a> <\/p>\n –@pumpdotfun<\/a> is currently working on their own automated market maker liquidity pool <\/p>\n – $RAY<\/a> bullish thesis has always been that pumpfun is dependent on raydium (now potentially not the case) <\/p>\n – If this AMM LP comes into fruition, tokens created on pumpfun will… pic.twitter.com\/SU5gC8A7mP<\/a><\/p>\n — Binaso (@Binaso8) February 24, 2025<\/a><\/p><\/blockquote>\n\n