Raydium’s RAY Token Drops 31% as Pump.fun’s Automated Market Maker Rumors Surface

Raydium’s native token, RAY, has faced substantial declines amid growing speculation that Pump.fun, a leading Solana(SOL)-based meme coin launchpad, is testing its own Automated Market Maker (AMM).  Neither Pump.fun nor Raydium has officially commented, leaving the market to react to speculation alone. Pump.fun’s AMM Testing Sparks Raydium (RAY) Sell-Off Over the past day, RAY has seen a 31%... source: https://beincrypto.com/raydium-ray-price-drop-pump-fun-amm-test/