Sold 100%
6 Jul

Raydium
6 Jul
LONGInvested Capital
1.8%
Buying Price
0.6306$
Selling Price
0.7406$
ROI
17.45%
Why am I bullish on $RAY right now? 👇 The Community Allocation holds 70% of the total supply, but only 8.6% has been unlocked so far. Around 74% of the total supply is still scheduled to unlock gradually over the coming years. Over the last 30 days, 1.4 million $RAY has been bought back, equivalent to nearly 1% of the circulating supply. In total, the team has bought back approximately 89 million $RAY, representing 61.7% of all tokens that have entered circulation. The Founder/Team allocation is almost fully vested (90.9% unlocked), while the Community Allocation is still in its very early stages (8.6% unlocked). The key takeaway: There is significant long-term unlock pressure from the Community Allocation. However, so far, a large portion of that pressure has been offset by Raydium’s aggressive buyback program. In simple terms: Short-term, I’m very bullish on $RAY.