Ray jumps 28% after Raydium unveils Pump.fun’s fork

RAY surged 28%, climbing from 1.6 USD to 2 USD after Raydium’s introduction of LaunchLab, aimed at competing with Pump.fun.

The meme coin sector is facing declining interest, down 65% since December 2024, and Pump.fun’s low graduation rate reflects a lack of investor confidence.