Raydium Token Surges 90 Percent in a Week to an 11 Month High

The Raydium token (RAY), bucking the broader cryptocurrency market's downtrend, rose 90 percent over the week to today, Saturday, 21 Shahrivar 1405 (September 12, 2026), reaching an 11 month high of $1.58. According to Arzdigital, while the overall crypto market fell about 1.1 percent over the past 24 hours, Raydium rose 18 percent in the same period, making it the second best performing asset among the top 300 cryptocurrencies.

Per the report, the rally had three main drivers: first, the StonkFun platform's announcement on 15 Shahrivar (September 6) that it would launch all its new tokens through Raydium's LaunchLab service, alongside a cut in the service's token launch fee from 0.29 to 0.03 SOL; second, a roughly $640,788 buyback of RAY tokens on 18 Shahrivar (September 9), the protocol's largest daily buyback since February 2025; and third, the start of trading in a tokenized version of Grindr stock on the Backpack Securities platform on 19 Shahrivar (September 10), which reached $11 million in trading volume within just one hour.