Raydium's recent repurchase initiative brings the total RAY tokens bought back to 69.1 million, utilizing $190.4 million from its revenue to stabilize the token's market value.
Raydium has announced a $190.4 million allocation for the repurchase of RAY tokens, with 69.1 million RAY already repurchased, representing about 25% of the circulating supply. The last trading price for RAY was approximately $2.99, leading to a nominal market value of around $800 million. After accounting for the repurchased tokens, the adjusted market value is close to $593 million.