Raydium's RAY Gains 6% as Oct. 19 Daily Session Remains Open

Raydium (RAY) traded near $1.91 at 4:46 a.m. ET (0846 UTC) Oct. 19, about 6% above its Oct. 18 close of $1.80, while the UTC-based daily session remained open.

RAY was still about 23% below its Oct. 7 close of $2.47. The Oct. 19 daily candle closes at 8 p.m. ET (0000 UTC Oct. 20), so the morning quote does not establish the token's closing price for the day. The comparison uses a completed Oct. 18 close and an intraday Oct. 19 snapshot.

Raydium operates token-trading and liquidity pools on Solana. Trading fees on its pools totaled $57.1 million in the third quarter, compared with $17 million in the second quarter. Its fee rules direct 12% of trading fees from CLMM, CPMM and standard AMM v4 pools to RAY buybacks. The mechanism ties part of those token purchases to exchange activity, but does not determine where RAY will close the day.