Raydium Prices Shot 30% 2 Weeks Ago Before Plunging, What Happened?

RAY, the native governance token of Raydium, the automated market maker (AMM) decentralized exchange (DEX) on Solana, soared 30% on May 17 before reversing gains, plunging to spot rates. RAY Prices Under Pressure According to CoinMarketCap data on May 30, RAY is changing hands at $0.19, stable against the USD, Bitcoin, and Ethereum on the last trading day.

Timeline of Raydium

The Solana-based crypto-exchange Raydium has launched a proposal that includes a $2 million bug bounty. The initiative aims to engage the community and eliminate bugs affecting the protocol's core smart contracts.

A hacker just exploited the Solana (SOL)-based automated market maker (AMM) Raydium (RAY) for more than $4.3 million in crypto. Raydium first acknowledged the hack on Twitter on Friday morning. “An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is known.

Solana's woes continue as the Raydium protocol, an automated market maker (AMM) on the Solana (SOL) network was hacked on December 16. Raydium, a Solana DeFi protocol was hacked for over $2 million early on Friday.

DeFi protocol Raydium suffered a liquidity pool exploit on Friday, compromising approximately $2 million in funds. The post Raydium Protocol Suffers A $2M Liquidity Pool Attack appeared first on BeInCrypto.

Radiyum Protocol, an order book AMM (Automated market Maker) on the Solana [SOL] network, was hacked on 16 December. Reportedly, the hacker extracted funds from various Raydium liquidity pools without owning or burning any LP tokens.

Raydium discovers a major exploit in its liquidity pool and loses at least $2 million, while users are urgently requesting withdrawals. Raydium, the decentralized Solana-based protocol, announced on Dec. 16 that it was compromised.

Solana-based decentralized exchange Raydium has been exploited for $2.2 million.  The attacker overtook the owner's authority on the platform, according to the firm's initial understanding.

Solana-based decentralized exchange Raydium suffered an exploit that appears to have taken more than $2 million. The post Solana-based exchange Raydium suffers $2 million exploit appeared first on The Block.

The price of Raydium (RAY) drops to $0.7 against Tether (USDT) from its all-time high of $15 as it eyes to bounce from its low. Despite the relief bounce across most crypto assets, the price of Raydium (RAY) has continued to remain dormant at its all-time low.