TechRaydium reportedly spent $190 million buying back over 30% of RAY's circulating supply
Memeburn reports that Raydium funded the purchases with protocol fees, but argues that the buyback's size isn't necessarily a positive sign for the token.
TLDR
Raydium used protocol fees to repurchase over 30% of RAY's circulating supply, spending $190 million, Memeburn reports. The outlet describes the figure as both impressive and misleading, arguing that the scale of the buyback isn't necessarily bullish.
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Raydium reportedly spent $190 million buying back over 30% of RAY's circulating supply
Memeburn reports that Raydium funded the purchases with protocol fees, but argues that the buyback's size isn't necessarily a positive sign for the token.
TLDR
Raydium used protocol fees to repurchase over 30% of RAY's circulating supply, spending $190 million, Memeburn reports. The outlet describes the figure as both impressive and misleading, arguing that the scale of the buyback isn't necessarily bullish.