🚀 **Crypto Alert: RAY Token Heats Up!**

- The Solana-based decentralized exchange Raydium's native token, RAY, is making waves with annualized perpetual funding rates soaring over 160%, outpacing other small, mid, and large-cap tokens.

- Despite a recent 17% price dip, RAY boasts a 67% monthly gain, overshadowing Bitcoin's 35% rise. This surge comes amid record trading activity on Raydium, with volumes hitting $117.8 billion, nearly double Ethereum's DEX volume.

- However, the memecoin-driven frenzy is cooling, raising questions about RAY's sustained momentum. What do you think? Share your thoughts in the comments! 💬