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Raydium’s Buyback Blitz: Over $190M Spent to Curb RAY Supply - The Cryptocurrency Post
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Raydium’s Buyback Blitz: Over $190M Spent to Curb RAY Supply - The Cryptocurrency Post
TL;DR Raydium has deployed $190.4 million to repurchase 69.1 million RAY, about 25% of its circulating supply, cutting the float-adjusted market cap from roughly $800 million to $593 million. The DEX channels trading fees into buybacks (e.g., $4.8 million in May), projecting over $57 million in annual returns to holders and an implied pre-impact yield north of 13%, outpacing its emissions. Bolstered by a $60 million treasury and sustained reven…
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