RaydiumRAY

The token of Raydium, an automated market maker on Solana that also runs the LaunchLab token launchpad.

Rank #116Since February 2021

Price on 31 Oct 2026

C$2.30 +172.9% since 31 Jul 2026 · 89.2% below its all-time high

The short version

Raydium is an automated market maker on Solana, second by fees, and the main Solana venue for tokenized stocks; it also runs the LaunchLab token launchpad. Its team has historically been anonymous and no legal entity was found. Protocol fees fund RAY buybacks, and the bought tokens are held in a buyback wallet rather than burned. On 31 Oct 2026 one RAY cost C$2.30. From 31 Jul 2026 to 31 Oct 2026 its price changed +172.9% in Canadian dollars, and it was 89.2% below its all-time high of C$21.35 set on 12 Sep 2021.^[1]

Checked 31 Oct 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$3.52 (8 Oct 2026) · low C$0.7665 (9 Mar 2026) · +1.1%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$2.31	US$1.65
30 Sep 2026	C$2.72	US$1.91
31 Aug 2026	C$1.07	US$0.7700
31 Jul 2026	C$0.8581	US$0.6117
30 Jun 2026	C$0.8935	US$0.6290
31 May 2026	C$0.9886	US$0.7166
30 Apr 2026	C$1.08	US$0.7940
31 Mar 2026	C$0.7843	US$0.5641
28 Feb 2026	C$0.8121	US$0.5938
31 Jan 2026	C$1.23	US$0.9144
31 Dec 2025	C$1.24	US$0.9052
30 Nov 2025	C$1.53	US$1.09

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$2.30^[1]
3-month change: +172.9% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 89.2% below its high of C$21.35 (12 Sep 2021)^[1]
Market rank: #116, market value about C$619.9M^[1]
Kind: Token · Solana (SPL token)
Started: February 2021

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoSolana mint authority is revoked^[2]

Can anyone freeze or take coins from holders?NoSolana freeze authority is revoked^[2]

Can the token's contract code be changed?NoStandard Solana token with no code of its own to change^[2]

Is the supply capped?Yes555M maximum with mint authority revoked^{[2, 3]}

Any scheduled unlocks in the next 12 months?Not disclosedVesting ended Feb 2024; 285M RAY outside circulation has no published schedule^[4]

Does a team or foundation hold over 10% of supply?YesThe buyback wallet alone holds 87.5M RAY, about 16% of supply^{[5, 3]}

Do network fees reach coin holders?YesProtocol fees fund RAY buybacks, held in a buyback wallet^{[5, 6]}

Main network hacked or halted in the past 2 years?YesDeprecated AMM V3 program drained of US$1.34M on 10 Jun 2026^[7]

Is a regulator or court case targeting the coin itself?NoNo regulator or court case found^[8]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: No legal entity found; CryptoRank lists co-founder Timon Peng; team historically anonymous^[9]
Funding: Seed round of 3.9% of supply (Dec 2020); Bonfida IDO raised US$2M (Feb 2021)^[4]
Token contract: Mint and freeze authorities revoked; an update authority can still change token metadata^[2]

Supply

In circulation: 269.96M RAY of a 555.00M maximum (48.6%)^[1]
Fully diluted value: 2.06 times its current market value^[1]
Insiders: Team 20%, seed 6%, advisors 2% at genesis; vesting ended 21 Feb 2024^{[4, 10]}
Outside circulation: 285M RAY (106% of circulating) outside CoinMarketCap's count, with no published release schedule^{[4, 3]}
Buyback wallet: 87.5M RAY (32% of circulating), held, not burned^[5]

Use and fees

Fees: US$168M over the past year; US$17.9M went to RAY buybacks^[6]
Q3 2026: Net revenue US$7.99M, up 264%; US$5.23M of buybacks^[5]
Fee trend: 30-day fees US$15.2M, down from US$45.5M in the prior 30 days^[6]

Trading

Daily trading: About C$70.7M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 9.98% of its market value changes hands each day^[1]
20-week average: 45.4% above its 20-week average price^[1]
1-year change: -1.5% in C$^[1]^[11]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[12]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

1 red flag found

Red flag: On 10 Jun 2026 an attacker drained US$1.34M from Raydium's deprecated AMM V3 program through a fake-LP-token validation bypass.^[7]

Raydium reported a treasury of US$243M in its Q3 2026 report (22 Oct 2026).^[8]
Revenue is concentrated in its LaunchLab launchpad and tokenized-stock trading, per the Q3 2026 report.^[5]
CoinMarketCap's AI summary cites a Bitquery report (22 Oct 2026): one wallet's suspected wash trades, about 22.7% of 30-day volume.^[8]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.