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RAY Surges After Upbit Listing — Are Whales Already Out?
Raydium’s (RAY) market capitalization surged by nearly $60 million in a single day, following the listing announcement on Upbit. As RAY’s price skyrocketed, whales took advantage of the surge and have potentially already booked their profits.
The cryptocurrency saw a 9.5% increase in value after Upbit announced its support for the token, despite market-wide sluggishness. The unexpected move led to whale activity, as evident from a single large transaction.
Raydium’s price initially surged by over 25% to $2.62 following the listing news before correcting to around $2.28 at the time of writing.
Source: www.coinspeaker.com
