RAY Stays Strong Above $1, Analyst Says Raydium Is ‘Practically the Backbone of Solana Shitcoin Season’

rRaydium’s native token, RAY, has dropped early 9% in the last 24 hours, trading around $1.05. The plunge comes after RAY hit oversold levels from a capitulatory slide that saw the token lose over 36% of its value in recent months. According to crypto analyst “the dude“, the drop in RAY is an “underrated call”