Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Raydium, one of the top 10 most influential DeFi protocols according to Fortune, debuted Permissioned AMMs yesterday, July 23. Permissioned AMMs introduce a new framework that enables issuers of KYC-gated and regulated assets to launch directly on Raydium, accessing Solana’s deepest liquidity while maintaining compliant secondary markets. Superstate became the first partner to integrate the infrastructure, bringing tokenized equities into Raydium’s liquidity ecosystem.
The launch marks another step in the race to build infrastructure for regulated assets on public blockchains. As tokenized stocks, funds, and real-world assets gain attention, protocols are adapting traditional DeFi tools to meet compliance requirements.
Raydium Adds Compliance Controls to AMM Trading Traditional AMMs allow anyone with a wallet to provide liquidity or trade assets. That model works well for crypto-native tokens but creates challenges for regulated assets that require investor verification and transfer restrictions.
Raydium’s Permissioned AMMs add an access-control layer to its existing liquidity infrastructure. Instead of allowing any wallet to interact with a pool, the system verifies whether a wallet meets issuer-defined eligibility requirements before allowing trades.
The framework combines 3 core components:
Issuer-managed KYC, where asset issuers determine which participants qualify.
Programmatic enforcement, where smart contracts restrict pool interactions to approved wallets.
Immutable smart contracts, which provide transparent and verifiable execution.
Eligible investors can trade only with verified counterparties, while issuers maintain control over participant access.
Superstate Brings Tokenized Equities to Raydium Superstate became the first service partner to integrate Raydium’s Permissioned AMMs. The company operates Opening Bell, a platform designed to issue publicly registered tokenized equities directly on blockchains.
Unlike synthetic products that track stock prices without representing direct ownership, Superstate focuses on natively tokenized securities where the token represents the underlying security.
Superstate has developed infrastructure that tracks ownership changes across DeFi environments, including automated market makers and lending protocols. The company has also worked with protocols such as Uniswap, Orca, Aave, Morpho, and Kamino to support regulated asset activity onchain.
Through Raydium’s integration, approved investors can trade tokenized equities through Permissioned AMMs while Superstate manages ownership records and compliance requirements.
Raydium Joins a Broader Shift Toward Permissioned DeFi Raydium is not the only major DEX moving toward compliance-focused infrastructure.
On May 27, Orca launched permissioned pools on Solana in partnership with gold tokenization firm Streamex. Orca’s system uses Solana token extensions to enforce transfer restrictions and connect investor eligibility with onchain activity.
Uniswap Labs also announced Permissioned Pools yesterday, July 23. The feature introduces a hook standard for Uniswap v4 that allows pools to verify approved wallets directly through smart contracts rather than relying on frontend restrictions or offchain checks.
These launches highlight a broader industry trend: regulated assets require more than a place to trade. Issuers need infrastructure that combines blockchain transparency with controls required by securities markets.
Tokenized Assets Target a Trillion-Dollar Market The push toward compliant onchain markets comes as interest in tokenization continues to grow. In its Big Ideas 2026 report, Ark Invest estimated that the global market for tokenized assets could grow from $19 billion to $11 trillion by 2030, representing around 1.38% of all financial assets.
Solana has also seen rapid growth in its real-world asset ecosystem. The network recently became the blockchain with the highest number of RWA holders, reaching 311,000 holders, $3.5 billion in RWA value, and more than 2,500 types of tokenized assets.
Read More on SolanaFloor Mubadala Capital to Launch $75M Tokenized Fund on Solana via Kaio
Are the Trenches Back?: 62K Dormant Wallets Return as Memecoins Capture $2B in Volume
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Intel stock just got the blockchain treatment. Backpack Securities has launched a tokenized version of $INTC on Solana through its Sunrise tokenization protocol, making the chipmaker’s equity tradable around the clock on decentralized exchanges.
The move adds Intel to a growing roster of traditional stocks that now live natively on Solana, a list that already includes SpaceX ($SPCX), Micron ($MU), and Robinhood ($HOODx).
What the tokenized Intel offering actually looks like Each tokenized INTC token represents a 1:1 claim on an underlying Intel share. Those shares are held in custody and the tokens are structured to be eligible for corporate actions under New York’s UCC Article 8. If Intel pays a dividend or does a stock split, token holders aren’t left out in the cold.
The tokens trade on Raydium, Solana’s largest decentralized exchange. Early trading data shows a total supply of approximately 6,151 tokenized INTC tokens, with the underlying Intel shares priced around $103 to $104 per share.
Advertisement
Daily trading volume for the tokenized INTC sits at roughly $14.6K, with liquidity of about $199K.
Backpack’s bigger play in tokenized equities Backpack Securities, founded by former FTX employees, has been building toward this moment since launching the Sunrise protocol in June 2026. The platform lets users exchange regulated securities for native Solana tokens, bridging traditional brokerage accounts and DeFi.
Total tokenized securities volume on Backpack has reached approximately $1.5B monthly. Daily trading highs for platform-wide tokenized equities exceeded $187M in mid-June.
The SpaceX token has been a particular standout. SpaceX doesn’t trade on public markets, so tokenization gives retail investors access to something they couldn’t buy before. Intel, by contrast, is available on every brokerage app. The value proposition is different: it’s about composability and 24/7 access rather than exclusivity.
Why this matters for the RWA tokenization market Backpack has structured these tokens under established securities frameworks, giving them a different legal footing than the synthetic stock tokens that Binance and FTX experimented with in 2021 before regulators shut them down. The UCC Article 8 compliance is specifically designed to ensure token holders have the same legal protections as traditional shareholders.
The $1.5B monthly volume across Backpack’s tokenized equities platform suggests genuine market demand. That volume figure puts the platform in the conversation with some mid-tier centralized exchanges.
Smart contract risk and platform risk layer on top of normal equity market risk. A $199K liquidity pool for Intel is fine for retail experimentation, but it’s a rounding error for any fund.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Survey: 88% of enterprises plan to adopt stablecoins within the next year, with cross-border payment costs reduced by an average of 35%.
Payment infrastructure company Cybrid has released a new survey report indicating stablecoins are rapidly gaining traction in enterprise payment scenarios. The survey found that 42% of participating enterprises already use stablecoins for cross-border payments, while 88% said they are likely or very likely to adopt stablecoins within the next 12 months—only 2% of firms stated they will continue to rely entirely on traditional payment systems. According to the report, enterprises using stablecoins save an average of 35% on cross-border payment costs, with firms processing over $100 million in monthly payments achieving an average cost reduction of 47%. Payroll and contractor payments represent the most prominent use case, followed by supplier payments, customer payments, investment and revenue management, and treasury management, among others. Additionally, 71% of respondents identified a clear regulatory framework as the primary factor driving further mainstream adoption of stablecoins, outranking considerations such as infrastructure provider credibility and system integration. The survey was conducted from April to May this year, covering 468 senior executives from tech, financial services, and e-commerce sectors in the United States, Canada, and the United Kingdom.
53 minutes ago
FalconX secures EU MiCA license, allowing it to offer compliant crypto services to institutional clients in Europe.
Institutional digital asset broker FalconX announced it has obtained the EU’s Markets in Crypto-Assets (MiCA) license issued by the Malta Financial Services Authority (MFSA), enabling it to provide compliant digital asset trading, custody, liquidity and related institutional services across the European Union (EU) and European Economic Area (EEA). FalconX stated that this license allows it to operate across EU member states under a unified regulatory framework, eliminating the need for individual country-specific licenses. Currently, the firm serves over 2,000 institutional clients worldwide, including asset management firms, hedge funds, banks and family offices, with cumulative transaction volumes exceeding $2.5 trillion and over $8 billion in institutional financing disbursed. FalconX noted that as the MiCA regulatory framework is fully implemented, institutional clients’ demand for compliant trading, custody and liquidity services continues to grow, and regulatory credentials are becoming a key competitive advantage in Europe’s digital asset market.
53 minutes ago
Guo Wengui sentenced to 30 years in prison in connection with a fraud case involving over $1 billion.
A US court has sentenced Miles Guo (also known as Ho Wan Kwok) to 30 years in prison. In 2024, a jury convicted Guo on multiple charges including racketeering, fraud, and money laundering, with his formal sentencing now issued. Prosecutors stated that Guo defrauded over $1 billion from global victims through a series of related scam schemes spanning five years. Notably, in 2021, he promoted the cryptocurrency project Himalaya Coin (H-Coin), claiming the tokens were backed by 20% gold reserves and promising to cover all investors’ losses, raising approximately $500 million in total. Additionally, the court previously ordered the forfeiture of nearly $900 million in Guo’s illegal proceeds, as well as his luxury mansion in New Jersey and multiple high-end vehicles. Guo had close ties to Steve Bannon, a former senior advisor to US President Donald Trump; Bannon was arrested in 2020 aboard Guo’s yacht.
53 minutes ago
The first-half 2026 funding rankings have been released, with Kalshi and Polymarket raising a combined $1.8 billion.
According to statistics, the 14 largest global funding rounds in the first half of 2026 raised a total of $4.3 billion, with prediction markets, AI, and payment sectors drawing the most investor interest. Specifically, prediction market platform Kalshi topped the list with a $1.2 billion funding round, while Polymarket secured $600 million—together, the two raised $1.8 billion, accounting for over 40% of the total capital of the top 14 rounds. In the AI space, Replit, Exa AI, and OpenRouter closed funding rounds of $400 million, $250 million, and $113 million respectively. For blockchain projects, Canton Network, Arc, and Morpho raised $355 million, $222 million, and $175 million respectively. Meanwhile, payment, RWA, infrastructure, and compliance projects including Rain, Slash, Goldcom, Alpaca, and Elliptic also featured on the list.
53 minutes ago
Open Standard launches stablecoin Open USD, with over 140 institutions including Visa, BlackRock, and Coinbase participating.
Open Standard has announced the launch of Open USD (OUSD), a new stablecoin for global fund flows, noting that over 140 enterprises have joined its ecosystem, including financial, payment, and crypto industry players such as Visa, Stripe, Mastercard, American Express, BlackRock, BNY, DBS, Coinbase, OKX, MetaMask, Aave, Ripple, Fireblocks, Solana, and Polygon. According to the introduction, Open USD follows three core design principles: supporting zero-cost, large-scale minting and redemption for enterprises; returning all reserve asset yields to partners after deducting a small management fee; and being governed by a board of directors composed of independent firm Open Standard and its partners, rather than controlled by a single issuer. Open Standard states that Open USD will officially launch later this year, with the goal of building an open, low-cost, high-throughput stablecoin infrastructure with a sharing economy mechanism to meet the needs of the internet economy and global enterprise-level payments.
53 minutes ago
Pump.fun is discontinuing support for its tokenized agent issuance feature, stating it will focus on optimizing retail user trading experience.
Pump.fun announced it will immediately cease support for its Tokenized Agent token issuance feature. The feature will no longer be available for new token launches, though projects that have already activated it will remain unaffected. The platform noted that over recent months, consistent community feedback has pointed out that excessive issuance options have sparked unnecessary user vs. user (PVP) competition. Moving forward, Pump.fun will prioritize issuance models and product features that explicitly enhance retail trading experiences.
Citi has raised its Sandisk price target to $2,500 from $2,025, sending SNDK shares up roughly 22% in the last 24 hours. The chipmaker has rallied approximately 4,800% over the past 12 months on AI-driven NAND demand.
The upgrade adds fresh institutional firepower behind one of the most explosive Wall Street stories of 2026.
Why Citi Raised Its Sandisk Price TargetA price target is the level an analyst expects a stock to reach over a defined horizon, typically 12 months. Citi analyst Asiya Merchant lifted her Sandisk target by nearly 24%, signaling roughly 30.6% additional upside while keeping a Buy rating on the chipmaker.
The catalyst came from Micron’s blowout fiscal third quarter. Furthermore, NAND bit shipments rose mid-single digits sequentially, while average selling prices surged in the mid-80% range, confirming the depth of the supply tightness now reshaping the entire memory chip industry.
Follow us on X to get the latest news as it happens.
Update: SanDisk is spiking after a Citi analyst raises price target from $2,025 to $2,500$SNDK is now up ~780% since Leopold Aschenbrenner disclosed a $12.9M stake
He first disclosed the position in November 2025 at ~$254/share pic.twitter.com/envHzUpQiZ
— Leopold Stock Tracker (@LeopoldTracker_) June 25, 2026 Merchant pointed to a clear structural setup. NAND industry demand is now outpacing supply, with that imbalance expected to persist well beyond 2027. AI workloads, especially in data centers, are driving most of the new demand across enterprise SSDs and adjacent storage products.
Citi also opened a 90-day short-term upside view on Sandisk shares. The bank flagged three near-term catalysts. Industry earnings, the Flash Memory Summit in August, and SanDisk’s investor day during the same month should all further sharpen sentiment across the sector.
Sandisk’s own numbers add weight to the bullish call. The company posted $5.95 billion in revenue last quarter, up 97% sequentially. Moreover, data center revenue alone grew 233% quarter over quarter, while more than one-third of fiscal 2027 bit output is already locked under multi-year contracts.
On the other hand, decentralized exchanges Raydium and Jupiter have added Sandisk to their roster of tokenized stocks. The listing reflects the rising appetite among crypto traders for exposure to the year’s top-performing equities.
What the 4,800% SNDK Rally Tells the MarketSandisk has emerged as the best-performing stock in the entire S&P500 in 2026. Shares are up roughly 727% year-to-date, while the 12-month run from a low near $40 to recent highs above $2,335 marks an extraordinary 4,800% advance.
The rally tracks a structural shift in NAND economics. AI infrastructure spending has rewritten the demand curve. As a result, data center operators now rely heavily on cost-efficient SSDs to offload workloads, such as KV cache, a use case that did not exist in a meaningful way 18 months ago.
The Wall Street chorus has turned overwhelmingly bullish. Veteran trader Stephen “Sarge” Guilfoyle also raised his own Sandisk target to $2,600 from $2,425. Furthermore, the stock currently has a Strong Buy consensus rating on TipRanks, based on 14 Buy ratings and only 2 Hold ratings.
Sandisk Corporation (SNDK) Price Performance – 1 Year. Source: TradingViewRisks remain real despite the conviction. SNDK trades at an elevated trailing P/E of 65 to 76 times earnings. Moreover, the stock recently fell 13.64% in a single session during a broader tech selloff tied to the Korean Kospi crash, showing how exposed the name remains to volatility.
For Citi, the bigger picture still favors the upside thesis. Bit supply growth across the NAND industry is projected at roughly 20% for 2026, while Micron itself expects its own supply growth to come in below that figure.
Bitcoin, Raydium, and Frax dominate crypto discussions as volatility, governance changes, and major BTC acquisitions drive market sentiment.
According to Santiment, Bitcoin (BTC), Raydium (RAY), and Frax (FRAX) are currently at the center of social media discussions.
Much of the growing discourse is focused on market volatility and governance changes within the crypto ecosystem.
The Top 3 Trending Tokens Santiment’s February 25 report reveals that BTC is getting attention due to a recent acquisition from Michael Saylor’s Strategy (formerly MicroStrategy).
The firm purchased 20,356 BTC for approximately $1.99 billion, increasing its total holdings to 499,096 BTC bought for around $33.1 billion. This investment, alongside a yield of 6.9% YTD 2025, has been widely discussed within the crypto market, particularly regarding its impact on the asset’s price fluctuations.
RAY is trending following a recent 29% decline in a day and a 50% slump since Friday that was caused by rumors of a competing platform launching its own automated market maker (AMM). This speculation has raised concerns over liquidity shifts within the Solana ecosystem, leading to increased investor attention toward the token.
Pump.fun is reportedly testing an AMM that, if implemented, could reduce the platform’s reliance on Raydium. The decentralized exchange currently facilitates trading for tokens launched on the Solana meme coin maker.
FRAX has also been a focal point in conversations, with debates surrounding tokenomics, governance, and inflation. Various proposals have been introduced regarding changes to the coin’s emissions, branding, and incentive mechanisms.
You may also like: Brutal Bitcoin Liquidation Cascade Imminent Below $59K, Warns Analyst Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Saylor Should Stop Buying Bitcoin, Says CryptoQuant Ongoing discussions are centered on the token’s inflationary nature and relationship with FXTL and the potential impact these changes could have on its value and utility within the market.
Other Trending Cryptocurrencies on Santiment’s List The blockchain analytic firm also highlights Ethereum (ETH), Frax Shares (FXS), and Kendu Inu (KENDU) as trending digital assets. ETH has seen increased discussions following its association with GrokAI3.0, a new project focused on advancements in AI technology and its potential financial implications.
FXS, which is linked to FRAX, has also been widely mentioned, with many raising concerns about its potential dilution and implications for liquidity and value.
On its part, KENDU has gained attention as part of a growing community-driven approach to digital assets. According to Santiment, talks around it largely highlight the importance of strong group bonds and collective effort over speculative trading.
The token has been compared to cryptocurrencies like Shiba Inu (SHIB) and Dogecoin (DOGE), with enthusiasts emphasizing its long-term potential as the market evolves. Some believe it represents a shift toward community-focused investments rather than gambling and pump-and-dump schemes.
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
5 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
5 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
5 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
5 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
5 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
4 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
4 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
4 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
4 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
Raydium, one of Solana’s largest decentralized exchanges, disclosed an exploit in its legacy Automated Market Maker V3 program that siphoned roughly $1.34 million from five deprecated liquidity pools. The attack targeted pools that had been phased out back in 2021, meaning no active users or current Raydium interfaces were affected.
What was taken and how The drained assets included approximately 150,177 RAY tokens, 5,603 SOL tokens, and around 893,700 USDC. The five affected pools were Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, and RAY-SOL, all of which had been deprecated after the Serum protocol was sunset in 2021.
The root cause was a self-contained logic flaw in the liquidity provider mint validation process. The attacker created a fraudulent LP mint and used it to bypass the security checks that should have blocked the withdrawal. The pools were no longer supported within Raydium’s main software development kit or its decentralized application front end, but the smart contracts themselves were still live on-chain with real assets locked inside.
Advertisement
Following the money The attacker’s wallet was traced back to KuCoin, the centralized exchange, suggesting that’s where the initial funding for the exploit originated. After the drain, roughly 810 ETH was funneled through Tornado Cash, the privacy-focused Ethereum mixer.
Raydium’s response and the bigger picture Raydium moved quickly to confirm that it would compensate the lost assets directly from its treasury. The exchange also announced a comprehensive security review of all its mainnet programs.
Raydium’s transition away from these older pools was driven by the deprecation of Serum, the on-chain order book protocol that was once central to Solana’s DeFi ecosystem. Raydium has since migrated to newer program versions including V4 and V5, which utilize virtual supply mechanisms alongside stricter account verification protocols. But the old contracts apparently weren’t fully wound down.
Raydium’s current pools, its CLMM (Concentrated Liquidity Market Maker) and newer AMM versions, were not affected. The treasury backstop means nobody who had residual funds in the deprecated pools should be out of pocket.
US authorities sanctioned Tornado Cash in 2022, and its continued use in exploit laundering gives regulators ammunition to argue for stricter oversight of DeFi protocols.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Raydium core contributor Infra confirmed Wednesday that an attacker drained ~$1.34M from the legacy AMM V3 program, a contract phased out in 2021. Current users were unaffected, the treasury will cover full compensation, and the root cause was a self-contained LP-mint validation flaw. PeckShield earlier traced the laundering across KuCoin, a Solana-to-Ethereum bridge, Tornado Cash and FixedFloat.
Solana DEX Raydium confirmed Wednesday that an attacker drained approximately $1.34 million from its legacy AMM V3 program, a deprecated contract phased out in 2021, with current users unaffected and full compensation coming from the protocol treasury.
Raydium core contributor Infra disclosed the breakdown on X: the attacker took roughly 150,177 RAY, 5,603 SOL, and 893,700 USDC across five legacy pools (Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, RAY-SOL). The exploiter's address, `4WnPebowR4HHfumvNPaDjG6Pa5Hi1jxLm6xmmBq33QVk`, was the sole entry point. The protocol said no current users could have reached the affected pools through the UI since the contract's deprecation, and that current Raydium programs are unaffected.
The Root CauseThe vulnerability was a self-contained logic flaw in the deprecated AMM V3 program, not a key compromise or authority-level issue, according to Raydium. The contract did not properly verify the LP mint address, allowing the attacker to create a new mint and use it as the LP token, bypassing the program's proportion checks. The contract had previously been used only to place orders on the now-defunct Serum order book, and its associated liquidity had remained idle following Serum's collapse.
All other Raydium mainnet programs use a virtual supply mechanism and verify the LP mint along with related account information, preventing this class of vulnerability, the team said. Raydium core contributors are conducting a security review of all mainnet programs.
The Laundering ChainWithin hours of the theft, onchain monitors traced a cross-chain laundering sequence. Security firm PeckShield flagged the incident via its alert account, citing onchain watcher Specter. The attacker sourced seed funds from KuCoin, bridged the stolen assets from Solana to Ethereum, deposited 810 ETH into Tornado Cash, and routed a further 7 ETH through instant-swap service FixedFloat.
The sequence documents the CEX-seed-to-mixer playbook executed across two chains in a single session. KuCoin, a centralized exchange that operates KYC and AML controls, was the originating funding source. From there, stolen Solana-native assets were bridged to Ethereum, converting liquidity into ETH and gaining access to Ethereum-native privacy infrastructure. The larger ETH stream entered Tornado Cash, the privacy mixer whose smart contracts the U.S. Treasury's Office of Foreign Assets Control sanctioned in August 2022. The remaining 7 ETH went to FixedFloat, a non-custodial instant-swap service that converts assets without requiring account registration.
Raydium's Scale on SolanaRaydium is an automated market maker built on the Solana blockchain. It operates as both a concentrated liquidity AMM and a permissionless pool-creation platform, and serves as one of Solana's primary liquidity venues. The protocol holds approximately $797 million in total value locked, per DefiLlama. Its fee revenue over the trailing 30 days totaled approximately $5.15 million, per the same source. The $1.34 million drain represents less than 0.2% of the protocol's on-chain liquidity base, and the affected pools sit outside the current product surface.
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
4 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
4 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
4 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
4 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
Raydium has pledged to fully reimburse losses after an exploit drained approximately $1.3 million from five legacy liquidity pools built on Solana.
Summary
Raydium said it will fully reimburse losses after an exploit drained about $1.3 million from five legacy Solana liquidity pools. On-chain investigator Specter said the attacker used a fake mint address to exploit retired AMM code and steal RAY, SOL, and USDC. PeckShield traced part of the stolen funds to Tornado Cash, while Raydium said active pools and current users were unaffected. According to blockchain security firm PeckShield and on-chain investigator Specter, the attack targeted retired automated market maker infrastructure that is no longer used by active Raydium pools. The protocol said current users and active liquidity pools were not affected by the incident.
Details shared by Specter indicate that the attacker exploited a validation weakness in dormant pools tied to Raydium’s early AMM design. By using a fake mint address, the attacker was able to bypass checks and withdraw liquidity from the affected pools.
The stolen assets included roughly 150,177 RAY tokens, 5,603 SOL, and 893,700 USDC. Specter reported that the attacker initially received funding through KuCoin before moving the stolen assets across chains to Ethereum.
Exploit was limited to retired Raydium infrastructure Following the attack, Raydium stated that the affected pools belonged to a deprecated program with no active user participation. The team added that all impacted assets would be covered by the project treasury, preventing losses from falling on users who still had exposure to the legacy pools.
Raydium is aware of an exploit involving unauthorized removal of liquidity from its legacy AMM V3 program which was previously phased out in 2021.
No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since…
— Infra | Raydium (@0xINFRA) June 10, 2026 Tracking data from PeckShield showed that part of the stolen funds was routed through privacy tools after the exploit. The security firm reported that approximately 810 ETH was deposited into Tornado Cash, while another seven ETH was transferred to FixedFloat.
The movement of funds through Tornado Cash may complicate efforts to trace assets. PeckShield noted the transfers after the Ethereum-based funds were bridged from Solana. The mixer was removed from the U.S. Treasury Department’s sanctions list in March 2025.
Security incidents involving inactive code have become a recurring concern across decentralized finance. As previously reported by crypto.news, Token of Power suffered a separate exploit earlier this week that drained more than $1.5 million from a liquidity pool after an attacker manipulated token balances and withdrew WETH reserves. The two incidents involved different protocols and attack methods.
Raydium has moved quickly to cover user losses Compensation commitments are not new for Raydium. The protocol faced another major security incident in December 2022 when an admin key compromise led to losses from active liquidity pools.
At the time, a governance proposal approved the use of buyback fees and vested team tokens to reimburse affected liquidity providers. The latest response follows a similar approach, with the project confirming that treasury funds will be used to make users whole.
Market reaction has remained relatively muted. Data at the time of writing showed Raydium (RAY) trading near $0.57, down less than 1% over the previous 24 hours. Solana (SOL) also moved lower during the same period, slipping nearly 2% to around $63.88.
While investigators continue tracing the stolen assets, information from PeckShield and Specter suggests the exploit was confined to outdated infrastructure rather than Raydium’s current trading systems.
What Happened in the Raydium Exploit? Solana-based decentralized exchange Raydium said an exploit targeting its legacy AMM V3 program led to the removal of roughly $1.34 million in assets from a small group of inactive liquidity pools.
The affected pools included RAY-SOL, USDC-RAY, and SRM-RAY pairs. Early estimates showed the attacker drained around 150,000 RAY, 5,600 SOL, and nearly 900,000 USDC. Raydium said affected users will be fully reimbursed from its treasury.
The exploit did not affect Raydium’s current mainnet programs, according to the protocol. Raydium said the targeted automated market maker program had been phased out in 2021 and had not been accessible through the exchange’s interface since then.
The distinction matters because the incident was not tied to active front-end trading or current liquidity infrastructure. Instead, the attacker targeted older pool contracts that remained on-chain even though they were no longer supported by Raydium’s main user interface.
Why Did Inactive Pools Still Carry Risk? The incident shows how legacy smart contracts can remain a security liability even after they stop being part of a protocol’s active product. In decentralized finance, retired programs and inactive pools may still exist on-chain, and assets can remain exposed if users have not fully withdrawn liquidity or if old contracts can still be interacted with directly.
Raydium said its SDK and DAPP do not support mainnet interactions with the legacy AMM V3 pools. That limits exposure through official channels, but it does not necessarily remove all contract-level risk. Attackers can still interact directly with deployed programs if those contracts remain live and contain exploitable logic.
The protocol said the vulnerability stemmed from insufficient validation of LP mints. That allowed the attacker to bypass intended proportion checks, according to Raydium’s explanation. In practical terms, the issue appears to have affected how the old AMM program verified liquidity provider token inputs and pool accounting before allowing assets to be withdrawn.
For DeFi users, the incident is a reminder that interface availability and smart contract exposure are not the same thing. A pool can disappear from a protocol’s front end but remain accessible at the blockchain level. That creates a long-tail risk for protocols with older deployments, especially when inactive contracts still contain residual liquidity.
Investor Takeaway The Raydium exploit was limited in size and tied to a legacy program, but it highlights a recurring DeFi risk: old contracts can still create losses long after a protocol has moved on to newer infrastructure.
How Important Is Raydium’s Reimbursement Plan? Raydium’s decision to compensate affected users from its treasury reduces the immediate financial damage for liquidity providers and helps contain confidence risk around the exchange. Full reimbursement also limits the chance that a relatively small exploit becomes a larger reputational issue for the protocol.
The reimbursement plan is important because decentralized exchanges depend on liquidity provider trust. Even when current users are not directly affected, any exploit involving protocol-linked pools can make market makers and token holders reassess operational risk.
In this case, the market reaction appeared limited. Raydium’s native RAY token traded higher on the day, suggesting investors did not view the exploit as a threat to the protocol’s active trading infrastructure. That reaction likely reflects the limited scope of the incident, the legacy nature of the affected program, and the treasury-backed compensation plan.
Still, the treasury response does not erase the operational lesson. Protocols must account for dormant contracts, abandoned pools, and older deployments as part of ongoing security management. A clean front end is not enough if legacy programs remain callable and hold value.
What Does This Mean for Solana DeFi Security? The exploit comes as Solana-based DeFi continues to attract trading activity, liquidity, and institutional attention. That growth raises the cost of security failures, even when losses are modest compared with larger cross-chain or lending protocol exploits.
For Solana DeFi, the key issue is not whether current Raydium programs were affected. Raydium said they were not. The broader issue is whether mature protocols have fully mapped the risk of older programs, inactive pools, and leftover user deposits across years of upgrades.
Raydium said its current mainnet programs are undergoing a separate security review. That step gives the protocol a chance to separate legacy risk from live infrastructure and reassure users that active markets are not exposed to the same vulnerability.
The incident may also push other DeFi teams to review retired contracts and inactive pools more aggressively. As protocols upgrade, migrate, or redesign liquidity systems, older deployments can fall outside normal monitoring unless they are formally closed, drained, or restricted.
Investor Takeaway Raydium’s response limits near-term fallout, but the exploit raises a broader diligence question for DeFi investors: how well do protocols manage legacy infrastructure after upgrades?
Why The Market Impact Was Contained The market impact was limited because the exploit affected inactive pools tied to an old AMM program rather than Raydium’s current trading system. The loss amount, while material for affected users, was small relative to larger DeFi exploits and was quickly paired with a full reimbursement commitment.
That combination helped prevent a broader confidence shock. Users were told current programs were unaffected, official interfaces did not support the legacy pools, and treasury funds would cover losses. For token holders, those details made the event look like a contained legacy-contract failure rather than an active protocol compromise.
The longer-term risk is more structural. DeFi protocols are becoming multi-year systems with layers of old contracts, migrated pools, and updated products. Each layer can carry residual exposure if it is not fully retired. Raydium’s exploit shows that security reviews must cover not only what users see today, but also what remains live from previous versions.
PANews reported on June 11th that Raydium, a decentralized exchange within the Solana ecosystem, announced that a vulnerability in its deprecated AMM V3 program resulted in the theft of approximately $1.34 million in assets from five inactive liquidity pools. Affected pools included trading pairs such as RAY-SOL, USDC-RAY, and SRM-SOL. Attackers stole approximately 150,000 RAY, 5,600 SOL, and nearly 900,000 USDC. Raydium stated that all losses will be covered by its treasury, and current users are unaffected. The AMM program was deprecated in 2021, and the vulnerability stemmed from insufficient validation of LP mint, allowing attackers to bypass expected ratio checks. Raydium's current mainnet program is unaffected and is undergoing a separate security review.
Raydium’s legacy AMM V3 program was exploited for approximately $1.34 million after an attacker abused a liquidity provider mint validation flaw in deprecated Solana pools, adding another incident to the growing list of decentralized exchange infrastructure failures. The Raydium team said the issue was isolated to an old AMM V3 contract that had been phased out in 2021 and did not affect the platform’s current liquidity programs or active users.
The exploit drained five deprecated liquidity pools tied to the legacy program. According to Raydium core contributor Infra, the root cause was a self-contained validation flaw involving LP mint checks. The attacker was able to manipulate pool logic by using invalid or fake LP token conditions, allowing funds to be withdrawn from pools that should no longer have carried meaningful user risk.
Raydium said it will compensate affected losses from its treasury. That response is important because the exploit involved obsolete infrastructure rather than current user-facing pools, but the loss still raises questions about how decentralized protocols manage retired contracts, residual liquidity and long-tail smart contract exposure. The team said current Raydium users were unaffected, limiting immediate contagion risk across Solana decentralized finance.
Legacy contracts create hidden risk The incident highlights a recurring problem in decentralized finance: old contracts can remain financially relevant even after newer systems replace them. Protocols often deprecate earlier versions but cannot easily erase deployed smart contracts from public blockchains. If users, bots or forgotten liquidity remain connected to those programs, dormant infrastructure can become an attack surface years after active development has moved elsewhere.
That appears to be the central lesson from the Raydium exploit. The affected AMM V3 program had been superseded years earlier, but the remaining pools still held enough assets to make exploitation profitable. The attacker did not need to compromise Raydium’s current products. Instead, the exploit targeted a narrow validation weakness in an older liquidity design.
For DeFi protocols, deprecation is therefore not only a product-management task. It is a security process. Teams must identify inactive pools, warn users, remove front-end access, monitor residual balances and create clear migration paths. Where possible, they may also need emergency controls or incentives to drain obsolete pools before they become targets.
Laundering and compensation shape the aftermath Blockchain security firms traced the attacker’s movements after the drain, with funds reportedly routed through KuCoin, a Solana-to-Ethereum bridge, Tornado Cash and FixedFloat. That laundering path shows how quickly even relatively small DeFi exploits can become difficult to recover once assets move across centralized exchanges, bridges and privacy tools.
Raydium’s commitment to treasury compensation may limit user fallout, but the reputational impact is harder to quantify. The protocol remains one of Solana’s most important decentralized exchanges, and its current products were not affected. Still, investors and liquidity providers are likely to focus on whether Raydium conducts a wider review of deprecated programs, abandoned pools and migration controls.
The broader market implication is that DeFi security risk is not confined to newly launched contracts. Mature protocols carry historical code, old liquidity structures and legacy integrations that may not receive the same level of monitoring as current systems. As DeFi becomes more institutional, auditors and investors will increasingly ask whether protocols have formal lifecycle processes for retiring contracts safely.
The Raydium incident is not a systemic Solana DeFi failure, but it is a reminder that unused infrastructure can still hold real value and real risk. The next test for Raydium will be how quickly it completes compensation, publishes a detailed post-mortem and demonstrates that other legacy contracts do not contain similar residual vulnerabilities.
In brief Solana DEX Raydium was hit with a $1.3 million exploit on Wednesday. The exploit affected five deprecated liquidity pools from an older version of its automated market maker program. The incident joins a growing list of DeFi exploits and the discovery of major vulnerabilities, some fueled with AI tools. Five deprecated liquidity pools from Solana-based decentralized exchange Raydium were exploited on Wednesday, leading to more than $1.34 million in stolen funds.
The exploit impacted the firm’s legacy automated market maker program and led to the loss of Solana (SOL), as well as dollar-backed stablecoin USDC and the exchange’s native token, RAY.
“No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since their deprecation,” posted pseudonymous Raydium contributor 0xInfra on X.
The exploiter, who has a Solana address ending in “Bq33QVk,” was able to bypass validation logic in the deprecated program and mint new liquidity provider tokens. In total, the attacker made off with nearly $900,000 in USDC, approximately $357,000 in SOL, and $86,000 worth of RAY. It will be repaid using the firm's treasury.
Raydium is aware of an exploit involving unauthorized removal of liquidity from its legacy AMM V3 program which was previously phased out in 2021.
No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since…
— Infra | Raydium (@0xINFRA) June 10, 2026
The firm’s existing mainnet programs prevent this type of vulnerability, according to 0xInfra, who highlighted that this was not due to a “a key compromise or authority-level issue.”
The exploit extends a growing list of recent vulnerabilities discovered in crypto networks and decentralized finance (DeFi) protocols of late.
In April, KelpDAO and Solana-based Drift Protocol each suffered exploits that affected just shy of $300 million in funds, respectively.
Last week, privacy network Zcash saw its native token crash more than 40% in 24 hours after developers disclosed that a security researcher used a frontier AI model to discover a four-year-old vulnerability that affected one of its privacy pools.
Although there is no evidence yet that AI was used in the Raydium exploit, analysts told Decrypt in May that AI is transforming exploit discovery by “automating what skilled auditors do.”
Furthermore, the exploit took place just one day after private AI firm Anthropic released an upgraded version of Mythos, its cybersecurity-focused that it claims has “unprecedented cybersecurity capabilities.” Anthropic also released a neutered, publicly available version called Claude Fable 5, which has drawn criticism for how much it has been hobbled.
Amid the incident, Raydium’s native token is down around 2% in the last 24 hours, recently changing hands at $0.567. The token has fallen around 13% in the last week of trading amid a broader market rout, and is now 96.6% off its all-time high of $16.83.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
On the 10th of June, Solana-based decentralized exchange [DEX] Raydium discovered a coding flaw in its legacy AMM V3 program. The vulnerability allowed an attacker to drain funds from several deprecated liquidity pools.
For background, the AMM V3 was a program that Raydium ceased to use in 2021 and was no longer available via the SDK, user interface, or current dApp. By taking advantage of a flaw, an attacker took out roughly $1.34 million in cryptocurrency from five pools.
Pools and tokens compromised According to preliminary estimates, the attacker drained approximately 150,177 Raydium [RAY], 5,603 Solana [SOL], and nearly 893,700 USDC from the impacted pools.
This included RAY-SOL, USDC-RAY, and SRM-RAY, Sollet USDT-RAY, and Sollet ETH-RAY pairs. PeckShield also tracked down seven Ethereum [ETH] that were deposited to FixedFloat and 810 ETH to Tornado Cash.
Source: PeckShieldAlert/X Still, assuring the community, Raydium took to X and noted,
No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since their deprecation.
What was the main cause behind this attack? Raydium claims that the flaw was caused by the legacy program’s inadequate validation of LP (liquidity provider) token mints.
That said, the attacker was able to produce a phony LP token because the contract did not sufficiently validate LP token mints. As a result, the exploiter withdrew money from the impacted pools and got around proportional ownership checks.
The problem, Raydium stressed, was limited to the deprecated AMM V3 codebase and was not caused by a compromised admin authority, private key, or protocol-wide security breach.
The current mainnet programs for the protocol now use a different architecture that protects them from this kind of attack by using virtual supply mechanisms and verifying LP mints.
Therefore, neither current liquidity pools nor active Raydium users were affected. The protocol also said that all losses resulting from the exploit will be fully reimbursed through Raydium’s treasury.
Along with that, a more thorough security review of all mainnet programs is also being conducted.
Impact on price and more Interestingly, despite the exploit, RAY’s price action was at $0.5815 following a 2.08% increase over the previous day. The 8% weekly drop and the 30% monthly drop, however, continue to raise concerns.
This coincided with another exploit in which the attacker gained control of administrative bridge permissions, depleting 141 million H tokens on Ethereum.
Additionally, security researchers discovered that another exploiter withdrew approximately $1.5 million in WETH from an Ethereum balancer liquidity pool through a governance takeover attack.
Altogether, the total amount of money stolen in 2026 has risen to $795.3 million, with April seeing the most breaches.
Source: DeFiLlama Final Summary The wrongdoer drained approximately 150,177 RAY, 5,603 SOL, and nearly 893,700 USDC from the impacted pools. RAY’s price still remained unaffected, spiking by over 2% in the past 24 hours.
SpaceX officially launched its IPO on June 11, 2026, targeting $135 per share and a $75 billion raise, with roughly 30% of shares, around $22 billion worth, reserved for retail investors.
That retail tranche is not an accident of corporate generosity. It is aimed squarely at the same demographic that has been buying Bitcoin, meme coins, and crypto ETFs for the past three years. And analysts are now saying it plainly: that capital has to come from somewhere, and right now, that somewhere looks like the crypto market.
Spencer Hallarn, GSR’s Global Head of OTC Trading, put it bluntly in a Reuters interview: “Crypto is a funding currency for a lot of this. We’ve got to find $75 billion for this IPO, and it’s got to come from somewhere.” Bitcoin liquidity, it turns out, is a convenient ATM when something shinier appears on the horizon.
EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up
The $240 Billion Problem: What the Capital Absorption Figure Actually Tells You Think of the global risk-on capital pool like a tank of water feeding multiple faucets, crypto, tech stocks, leveraged ETFs, and now mega-IPOs all draw from the same supply. When a new faucet opens at $75 billion, the pressure everywhere else drops.
That is the mechanism behind what analysts are calling a capital rotation, and the SpaceX IPO is only the first valve.
The combined pipeline from the SpaceX IPO, the anticipated OpenAI IPO, and the expected Anthropic IPO is projected to absorb more than $240 billion in capital by year-end, according to CoinDesk analysis cited by Binance Square.
BREAKING: SpaceX's IPO is expected to create 4,000 new millionaires, including some cafeteria workers whose compensation packages include employee stock options, per Bloomberg.
— unusual_whales (@unusual_whales) June 10, 2026
To put that in perspective, Binance Square notes this figure exceeds 60% of the total global stablecoin market cap, meaning a significant chunk of the fiat pipeline that normally flows into crypto could be redirected into these three listings alone.
The $75 billion SpaceX figure is the immediate pressure point. A BNP Paribas note cited in CNBC coverage projected up to $50 billion in retail liquidations across crypto, semiconductors, and leveraged ETFs just to fund the SpaceX allocation.
This SpaceX IPO liquidity explainer on 99Bitcoins breaks down exactly why crypto sits in the crosshairs. What the $240 billion figure does not tell you is that this capital is gone permanently, it tells you it is temporarily occupied, and where it goes after the IPO lock-up expires matters just as much as where it came from.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Follow 99Bitcoins on X For the Latest Market Updates and Subscribe on YouTube For Daily Expert Market Analysis.
#Altcoin News Today
Why you can trust 99Bitcoins
10+ Years
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+
Monthly readers
50+
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
Free Bitcoin Crash Course Enjoyed by over 100,000 students. One email a day, 7 days in a row. Short and educational, guaranteed!
On June 10, 2026, a hacker exploited five deprecated liquidity pools on Raydium, Solana largest decentralized exchange, draining approximately $1.34 million in crypto assets through a forged LP token attack on the protocol’s legacy AMM V3 program.
The stolen funds included ~$900,000 in USDC, ~$357,000 in SOL, and ~$86,000 in RAY tokens. The RAY token up 2% in the 24 hours following the incident, recently changing hands at $0.578, already down ~7% on the week and sitting 96.6% below its all-time high of $16.83.
🚨Raydium confirms $1.34M exploit on legacy AMM V3 pools. No current users affected; full compensation from treasury. pic.twitter.com/tqmKATA2tH
— Solana Hub (@SolanaHub_) June 10, 2026
EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up
Solana Raydium Exploit Explained: How a Fake Token Fooled a Retired Smart Contract Think of it like a decommissioned bank branch that closed its doors to customers years ago, but management forgot to move the cash out of the vault. The tellers are gone, the ATM is switched off, the branch doesn’t appear on the bank’s website anymore. But if someone found a side door still unlocked, the money inside would be just as real as ever.
That is almost exactly what happened here. Raydium operates as an AMM, an automated market maker, which means it uses smart contract-managed liquidity pools instead of traditional order books to facilitate trades on Solana. In 2021, Raydium phased out its legacy AMM V3 program after Serum’s order book was deprecated, replacing it with updated architecture. The old program was removed from the UI, but the underlying smart contract and the funds locked inside it remained live on-chain.
Source: Solcan The attacker found a smart contract vulnerability in that legacy code: the AMM V3 program did not properly validate the LP mint address, the token that represents a liquidity provider’s share of a pool. By creating a fake LP token mint and presenting it to the contract, the hacker convinced the program’s internal accounting that their counterfeit tokens represented legitimate pool ownership. The contract then allowed them to withdraw the pools’ real assets as though they were a genuine LP redeeming a position.
Across five pools, Sollet USDT–RAY, Sollet ETH–RAY, SRM–RAY, USDC–RAY, and RAY–SOL, the attacker withdrew ~150,177 RAY, ~5,603 SOL, and ~893,700 USDC. After the liquidity pool hack, the funds were bridged from Solana to Ethereum and deposited into Tornado Cash, a crypto mixer that breaks the on-chain transaction trail, a laundering pattern increasingly common in 2026 DeFi exploits. The attacker’s Solana address (ending in Bq33QVk) was initially funded through KuCoin.
EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up
The Structural Story: Why Retired Code Still Held Live Funds The most important thing to understand about this DeFi exploit is what “deprecated” actually means on a public blockchain, and what it does not mean. When a protocol deprecates a program, it typically stops directing users to it via the interface and focuses development attention elsewhere.
What it almost never does automatically is freeze the contract’s state or migrate funds out of the old pools.
On Solana, and on Ethereum and virtually every other smart contract platform, a deployed program remains callable by anyone who knows its address, regardless of whether it appears on a front end. Unless a protocol explicitly pauses the contract, burns its upgrade authority, or migrates all liquidity out, the code keeps running.
Raydium’s legacy AMM V3 had been invisible to everyday users for four years, but it was never immobilized. That is the structural gap this exploit walked through.
Raydium is aware of an exploit involving unauthorized removal of liquidity from its legacy AMM V3 program which was previously phased out in 2021.
No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since…
— Infra | Raydium (@0xINFRA) June 10, 2026
Pseudonymous Raydium contributor 0xInfra confirmed the exploit was “a self-contained logic flaw” in the old program, not a key compromise or authority-level issue, meaning Raydium’s current mainnet programs carry no equivalent vulnerability.
But the broader implication is uncomfortable: how many other DeFi protocols running on Solana or other chains have deprecated contracts quietly holding dormant liquidity that has never been formally migrated or frozen? This incident suggests that number may be higher than anyone has audited.
Solana’s ecosystem has been evolving rapidly, but legacy infrastructure can lag far behind governance decisions.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Follow 99Bitcoins on X For the Latest Market Updates and Subscribe on YouTube For Daily Expert Market Analysis.
#Altcoin News Today
Why you can trust 99Bitcoins
10+ Years
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+
Monthly readers
50+
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
Free Bitcoin Crash Course Enjoyed by over 100,000 students. One email a day, 7 days in a row. Short and educational, guaranteed!
Attackers drained roughly $2.1 million from a deprecated Thetanuts Finance vault in the latest Decentralized Finance (DeFi) exploit. Whitehat defenders recovered about $2 million in option tokens.
The breach hit an old vault that the protocol had already migrated from years ago. Thetanuts said the vault has no connection to its active products or current systems.
Inside the Thetanuts Vault DeFi ExploitBlockchain security firms flagged the incident on X (formerly Twitter). SlowMist traced the root cause of the integer division flaw in the contract’s mint function.
Following the vault drain, the deposit formula evaluated to 0 due to rounding during integer division, allowing an attacker to mint tokens for free. The flaw ultimately enabled unlimited token creation.
PeckShield revealed that the exploiter swapped $105,000 in USDC (USDC) for around 60 Ethereum (ETH). The wallet still holds roughly $34,000 in option tokens.
Follow us on X to get the latest news as it happens
Thetanuts also addressed the exploit in a public statement.
“Our preliminary investigation indicates that this is once again, a deprecated vault that we have migrated from years ago. It has no relation to any of our current contracts or products. We will release a post-mortem once we get more details,” the team said.
The attack fits a pattern of exploits striking dormant or legacy code. Old contracts often stay live on-chain even after teams stop maintaining them.
BeInCrypto reported that attackers drained about $2.1 million from Aztec Connect, which was deprecated three years ago. A separate breach hit Raydium (RAY) legacy liquidity pools for roughly $1.3 million.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
Interstate, a Web3 trading infrastructure entity, has partnered with Raydium, a renowned DEX and liquidity platform developed on the Solana blockchain. The partnership makes Raydium an official partner of Interstate, fortifying its endeavors to deliver seamless and effective trading experiences.
As per Interstate’s official social media announcement, the integration is set to connect Interstate Trenches with the liquidity pools of Raydium. Hence, the development focuses on enhancing price discovery as well as execution efficiency.
@Raydium 🤝 Interstate. Raydium Is An Official Interstate Partner
Best price matters when every second counts.
Interstate Trenches integrates with Raydium liquidity pools to help Solana traders get best-price routing and cleaner routes from discovery to execution.
Find Raydium… pic.twitter.com/tcRBKmbC1G
— Interstate (@interstatefdn) June 16, 2026 Interstate and Raydium Ensure Faster Trade Execution and Streamlined Asset Discovery to Solana Users The collaboration merges the seamless trading interface of Interstate with the liquidity infrastructure of Raydium. In this respect, the move is poised to deliver a smoother experience, including discovery and transfer completion.
Additionally, the integration also shows the significance of competitive pricing within the cryptocurrency trading landscape, where each second can influence execution outcomes. Apart from that, Interstate Trenches will utilize the liquidity pools of Raydium to provide cleaner routes, benefiting traders looking for optimized swaps for Solana-based assets.
By reaching comprehensive liquidity sources, consumers can likely leverage enhanced trade execution as well as a relatively streamlined procedure when engaging with DeFi applications. Additionally, the move expands the functionality for Solana traders via the inclusive interface of Interstate.
Accelerating Solana DeFi Expansion with Broader Trading Accessibility With the strategic Interstate alliance, consumers can discover Raydium-compatible assets, review pool-related data, examine real-time market charts, and execute their trades without shifting between different platforms.
The approach aims to streamline the trading workstreams by consolidating transfer capabilities and necessary market information into a unified environment. Interstate deems this collaboration a reflection of its efforts to enter the established infrastructure of Raydium to improve trading capabilities.
For Solana consumers, this joint initiative underscores the rising trend of enhancing efficiency, accessibility, and speed within DEXs. Ultimately, as the DeFi adoption keeps expanding, such partnerships could play a critical role in evolving the wider Web3 trading experience.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Raydium, Solana Blockchain üzerinde çalışan, Serum DEX ile entegre bir otomatik piyasa yapıcıdır (AMM). Kullanıcılar, likidite havuzlarına varlık sağlayarak RAY coin kazanır ve bu tokenleri stake ederek ek ödüller elde edebilir. Raydium ayrıca AcceleRaytor platformu ile yeni projelerin Solana ekosisteminde sermaye toplamasını destekler. Bu yazımızda Raydium (RAY) nedir, TRY ile Raydium (RAY) nasıl alınır olmak üzere iki merak edilen sorunun yanıtını bulabilirsiniz.
Raydium (RAY) Nedir?Raydium, Solana Blockchain üzerine inşa edilmiş, otomatik bir piyasa yapıcı (AMM) olarak işlev gören merkeziyetsiz finans (DeFi) protokolüdür. Likidite havuzlarını merkeziyetsiz borsa (DEX) Serum ile entegre ederek dijital varlıkların alım satımını geliştirir. Bu entegrasyon, Raydium’un AMM’lerin esnekliğini geleneksel emir defteri mekanizmalarının güvenilirliği ile birleştirerek hızlı, likit ve düşük ücretli ticaret yapmasını sağlar.
Bir AMM olarak Raydium, likidite havuzları aracılığıyla dijital varlıkların izinsiz ticaretini kolaylaştırır. Bu havuzlar, varlıklarını akıllı sözleşmelere kilitleyen ve daha sonra DEX’te işlem çiftleri olarak hizmet veren likidite sağlayıcıları tarafından finanse edilmektedir. Likidite sağlamanın karşılığında kullanıcılar, Raydium’un yardımcı jetonu olan RAY cinsinden ödüller alır ve bu ödüller de ek ödüller kazanmak için stake edilebilir.
Borsalar gibi geleneksel borsalar, alış ve satış emirlerini eşleştirmek için merkezi bir emir defteri kullanır. Raydium tarafından desteklenen DEX olan Serum, bu süreci yönetmek için akıllı sözleşmeler kullanır. Emir defterinin bir tarafında, piyasa katılımcılarının satın almak istediği varlıkların miktarını ve fiyatını gösteren alım emirleri bulunur. Diğer tarafta ise satılık varlıkların miktarını ve fiyatını detaylandıran satış emirleri yer alır.
Raydium, işlemleri kolaylaştırmak için emir defteri yerine likidite havuzlarını kullanır. Likidite sağlayıcıları tarafından tedarik edilen bu havuzlar, alım ve satım emirleri için karşı taraf olarak hareket ederek merkezi olmayan ticareti mümkün kılar. Bu yöntem Ethereum üzerinde Uniswap gibi platformlar tarafından popüler hale getirilmiştir. Raydium, Ethereum tabanlı AMM’lere kıyasla daha düşük ücretleri, daha hızlı uygulama süreleri ve gelişmiş likidite yönetimi için Solana’yı seçti.
Raydium’un Serum’un emir defteri ile entegrasyonu, hem likidite havuzlarından hem de emir defterlerinden yararlanan hibrit bir ticaret modeli sağlar. Kullanıcılar Raydium’un likidite havuzlarına katkıda bulunduğunda, tokenler Serum’un emir defterinde limit emirlerine dönüştürülerek alım satım için kullanılabilir hale getirilir. Raydium, AMM ve Serum’un emir defteri arasındaki fiyatları karşılaştırarak uygun maliyetli işlemler sağlar.
Raydium, temel ticaret işlevlerinin ötesinde, likidite sağlayıcılarının LP tokenlerinden ekstra getiri elde etmelerine olanak tanıyan çift ödüllü çiftçilik gibi ek özellikler sunar. Kullanıcılar ayrıca işlem ücretlerinden ödül kazanmak için RAY coin stake edebilir. Ayrıca Raydium, yeni projelerin sermaye artırmasına ve Solana ekosistemi içinde büyümesine yardımcı olacak bir launchpad olan AcceleRaytor’u tanıttı.
TRY ile Raydium (RAY) Nasıl Alınır?Binance TR, Türkiye’de Raydium (RAY) satın almak isteyen yatırımcılar için en uygun bir kripto para borsasıdır. Hızlı bir şekilde hesap oluşturulabilen Binance TR’de RAY dahil 100’den fazla kripto para alınıp satılabilmektedir. Binance TR’de TRY ile Raydium (RAY) satın alabilmek için aşağıdaki adımları takip edebilirsiniz.
Binance TR’de Hesap Nasıl Açılır?Binance TR’de hesap açmak oldukça kolaydır. Bunun için trbinance.com adresine gitmeniz ve “Hesap Oluştur” adımından devam etmeniz gerekmektedir. Hesap oluşturmanın ilk adımında e-posta adresi, telefon numarası, ad-soyad, doğum tarihi, uyruk ve T.C. kimlik numarası gibi temel bilgilerinizi girmeniz istenecektir.
Talep edilen bilgilerin eksiksiz ve doğru bir şekilde girilmesinin ardından bilgilerin teyit edilerek doğrulanması amacıyla e-posta/sms doğrulaması yapılacaktır. Bu sürecin tamamlanmasının ardından ikinci adım olan kimlik doğrulamasına (KYC) geçerek devam edeceksiniz.
Binance TR’de Hesap Nasıl Onaylatılır?Binance TR’de kimlik doğrulaması, kripto para alım satımına başlamadan önce ve hesap oluşturma sırasında gerçekleştirilmesi gereken güvenlik prosedürlerinden biridir. Bu işlem aynı zamanda hem kullanıcıyı hem de kripto para borsasını korumak için gerekmektedir. Tercihinize göre doğrulama işlemini telefonunuzdan ya da Binance TR’nin resmi web sitesi üzerinden yapabilirsiniz. Bu noktada web sitesinden kimlik doğrulaması yapmak için de cep telefonunuza ihtiyacınız olacağını belirtelim.
Binance TR web sitesinde sağ üstte bulunan “Profil” seçeneğinin üzerine geldikten açılır menüden “Kimlik Doğrulama ve Limitler” seçeneğine tıklayarak devam edin ve ardından “Doğrula” seçeneğine tıklayın. Bu adımdan sonra karşınıza çıkacak QR kodunu cep telefonunuzun kamerasına taratmanız ve işleme cep telefonunuzla devam etmeniz gerekecek. Eğer QR kodunu tarayamıyorsanız, “URL’yi Kopyala” seçeneğine tıklayarak kimlik doğrulama adresini cep telefonunuza SMS ile gönderilmesini sağlayabilirsiniz.
Adresi cep telefonunuza girdiğinizde veya QR kodunu taradığınızda cep telefonunuzda aşağıdaki gibi bir ekran açılacaktır. Buradan öncelikle “Kimlik” seçeneğine dokunarak devam edin.
Ardından aşağıdaki gibi bir ekran açılacaktır. Doğrulama işlemine devam etmek için öncelikle sizin için uygun olan belge tipini seçerek devam edin.
Belge tipini seçtikten sonra “Ön yüzünü yükle” seçeneğine dokunarak devam edebilirsiniz. Seçtiğiniz belge tipine göre belgenin ön yüzünün fotoğrafını çektikten sonra “Arka yüzünü yükle” seçeneğine dokunun ve belgenin arka yüzünün fotoğrafını çekip yükleyin. Kimlik kartınızın ya da ehliyetinizin ön ve arka yüzünün fotoğrafını çekerken görüntülerin net olduğundan ve çektiğiniz fotoğraftaki bilgilerin kolayca okunabildiğinden emin olun.
Daha sonra “Selfie” seçeneğine dokunarak devam edebilirsiniz. Bu noktada cep telefonunuzun ön kamerası açılacak ve yüzünüzü taratmanız gerekecek. Kamera açıldıktan sonra yüzünüzün kamera alanını olabildiğince doldurduğundan emin olun.
Tüm bu adımları eksiksiz ve doğru bir şekilde tamamladıktan sonra kimlik doğrulama işleminiz kısa bir süre içerisinde gerçekleşecektir.
Binance TR’de Nasıl TL Yatırılır?Binance TR hesabınıza tüm bankalar üzerinden kolayca TL yatırabilirsiniz. Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans hesaplarınızdan ise 7/24 TL yatırabilir ve kesintisiz şekilde işlem yapabilirsiniz. Bu bankalar haricindeki diğer bankalardan ise FAST ile 50 bin TL’ye kadar 7/24 yatırma işlemi yapılabilmektedir. Diğer bankalardan yapılan 50 bin TL üzeri para yatırma işlemleri EFT saatleri içerisinde gerçekleşir.
Binance TR hesabınıza para yatırmak için ilk olarak trbinance.com adresinden ana sayfanın sol üst köşesindeki “Cüzdan” seçeneğinin üzerine gelin ve açılır menüden “Yatırma” seçeneğine tıklayın.
Ardından aşağıdaki gibi bir sayfa açılacaktır ve bu sayfadan tercih ettiğiniz bankayı seçerek para yatırma işlemine devam edebilirsiniz. Eğer tercih ettiğiniz banka henüz Binance TR entegrasyonuna sahip değilse “Diğer Bankalar” seçeneğine tıklayarak devam etmelisiniz.
Biz bu örnekte Vakıfbank’ı kullanarak devam edeceğiz ancak süreç diğer tüm bankalar için de aynıdır. Vakıfbank seçeneğine tıkladığınızda karşınıza o bankaya ait havale, EFT veya FAST yapabileceğiniz bir hesap adı ve IBAN adresi gelecektir. Artık tek yapmanız gereken, tercih ettiğiniz bankanın sayfasında görünen bilgileri kullanarak Binance TR hesabınıza yatırmak istediğiniz miktarı havale, EFT veya FAST ile göndermektedir.
Bankanız transfer işlemini tamamladıktan sonra gönderdiğiniz fonlar otomatik olarak Binance TR hesabınızda cüzdanınıza yansıtılacaktır.
TL ile Binance TR’de Nasıl RAY Coin Alınır?Para yatırma işleminin ardından Binance TR web sitesinde sol üst menüsünde bulunan “Al-Sat” seçeneğine tıklayarak TL ile RAY coin satın alım adımına geçebilirsiniz.
Bu seçeneğe tıkladıktan sonra aşağıdaki sayfa açılacaktır. Bu sayfanın sağ tarafındaki arama kısmına “RAY” yazarak gelen sonuçlardan RAY/TRY seçeneğine tıklayarak TL ile RAY satın alım sayfasına gidebilirsiniz.
Şimdi aşağıdaki RAY alım satım sayfası açılacaktır. Bu sayfada kırmızı kutuyla işaretlenen alanda ilk kutucuğa hangi fiyattan RAY satın almak istiyorsanız fiyatı ve ikinci kutucuktan kaç adet RAY almak istediğiniz girmeniz gerekmektedir. Tutarı girdikten sonra “RAY Al” düğmesine tıklayarak satın alım işleminizi gerçekleştirebilirsiniz.
Binance TR Nedir?Ürettiği işlem hacmi ile dünyanın en büyük kripto para borsası olan Binance, Türkiye’deki kripto para yatırımcılarına özel platformu Binance TR’yi 2020’de resmen hizmete sunmuştur. Merkezi İstanbul’da bulunan kripto para borsasına trbinance.com adresinden erişilebilmektedir.
Binance TR, Binance’in teknolojisinden, güvenlik önlemlerinden ve Binance Cloud altyapısı aracılığıyla sağladığı likiditeden yararlanarak hem fiattan kripto paraya hem de kripto paradan kripto paraya alım satım hizmeti sunmaktadır. Türkiye’deki kullanıcılar Binance TR aracılığıyla doğrudan banka kanalları aracılığıyla sorunsuz bir şekilde Türk lirası (TRY) yatırıp çekebilmekte ve TRY işlem pariteleriyle çeşitli kripto paraların alım satımını yapabilmektedir.
Kullanıcılar Binance TR ile Binance’in temel işlevleriyle desteklenerek piyasa lideri spot alım satım likiditesine, güçlü bir eşleştirme motoruna, gelişmiş güvenlik protokollerine, saklama çözümlerine ve risk kontrollerine erişim sağlamaktadır.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR: Raydium’s Legacy AMM V3 lost $1.34M via an LP mint validation flaw in deprecated pools. Attacker bypassed proportion checks by creating a fake LP mint; no key compromise occurred. Five idle pools were drained; current mainnet programs and SDK remain fully unaffected. Raydium’s treasury will fully compensate victims while a mainnet security review is underway. Raydium confirmed an exploit targeting its deprecated Legacy AMM V3 program, resulting in approximately $1.34 million in unauthorized liquidity removals.
The attack exploited an LP mint validation flaw that allowed an attacker to bypass proportion checks. Only inactive Legacy AMM V3 pools were affected.
Current mainnet programs, the SDK, and the DApp remain fully operational and unaffected.
Exploit Details: How the Attacker Bypassed Security Checks The vulnerability originated from insufficient validation of the LP mint address within the Legacy AMM V3 program. Because the program failed to properly verify the LP mint, the attacker created a new mint and used it as the LP token.
This effectively bypassed the proportion checks that were meant to govern liquidity removal. The flaw was entirely self-contained and did not involve any key compromise or authority-level issue.
Five pools were affected in the attack. These included Sollet USDT–RAY, Sollet ETH–RAY, SRM–RAY, USDC–RAY, and RAY–SOL.
The exploiter’s wallet address has been identified as 4WnPebowR4HHfumvNPaDjG6Pa5Hi1jxLm6xmmBq33QVk. Assets drained include approximately 150,177 RAY, 5,603 SOL, and 893,700 USDC.
Legacy AMM V3 was originally built to use deposited funds for placing orders on the Serum order book. It did not offer swap functionality.
Following Serum’s deprecation, liquidity in these pools remained idle. Proportion checks in this program relied on LP token supply rather than the virtual supply mechanism used in current programs.
Raydium’s team confirmed the exploit carries no propagation risk. Since the flaw was a logic error rather than a systemic vulnerability, it does not affect other programs.
Raydium is aware of an exploit involving unauthorized removal of liquidity from its legacy AMM V3 program which was previously phased out in 2021.
No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since…
— Infra | Raydium (@0xINFRA) June 10, 2026
No current users could have interacted with these deprecated pools through the UI since their phase-out in 2021.
Raydium’s Response: Compensation and Security Review Raydium moved quickly to address the situation following the exploit. The project confirmed that full compensation for affected users will be handled directly through its treasury. This commitment covers the entire $1.34 million in drained assets across all five impacted pools.
Raydium’s core contributors announced a comprehensive security review of all mainnet programs. The goal is to verify that no similar logic flaws exist across any active code.
Current programs already use a virtual supply mechanism for proportion checks and properly verify LP mint addresses and all relevant account data.
The team also clarified the architectural difference that protected current programs. Unlike Legacy AMM V3, all active Raydium mainnet programs correctly validate the LP mint along with other account information. This prevents the class of vulnerability that was exploited in the deprecated program.
Raydium stated that neither the SDK nor the DApp supports mainnet interactions with Legacy AMM V3 pools. As a result, current users were never exposed to risk.
The project’s transparency in publishing the exploiter’s address and affected pool details reflects its broader commitment to community trust.
June 10: On-chain investigator Specter has issued a security advisory flagging a potential exploit in an older liquidity pool of Solana’s DeFi protocol Raydium. The attacker stole approximately $1.34 million worth of assets—including USDC, RAY, and wSOL. The hacker then transferred the stolen funds to Ethereum via a bridge before depositing them into Tornado Cash to protect their privacy.
Relevant content
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
4 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
4 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
4 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
4 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
4 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
TLDR Hackers extracted approximately $1.34 million from five dormant Raydium liquidity pools operating on Solana The breach resulted in the theft of around 150,000 RAY tokens, 5,600 SOL, and 893,700 USDC The vulnerability existed in an obsolete AMM program discontinued in 2021, leaving active pools untouched Raydium announced its treasury would provide complete restitution to all impacted participants Security firm PeckShield identified roughly 810 ETH of the pilfered assets flowing into Tornado Cash On June 10, Raydium, a Solana-based decentralized exchange, disclosed that malicious actors successfully exploited outdated infrastructure components, siphoning approximately $1.34 million worth of cryptocurrency.
The compromised liquidity pools had been inaccessible via Raydium’s user interface ever since the platform discontinued its AMM V3 program back in 2021. According to Raydium’s statement, neither current platform users nor any actively maintained liquidity pools experienced any impact.
How the Attack Happened On-chain security analyst Specter revealed that the perpetrators utilized a fraudulent mint address to circumvent security validation protocols within the inactive pool infrastructure. The core vulnerability stemmed from inadequate verification processes for LP mints, creating an opportunity to sidestep proportion validation mechanisms.
The assailant successfully withdrew approximately 150,177 RAY tokens, 5,603 SOL, and 893,700 USDC from the compromised pools. According to Specter’s investigation, the attacker initially received funding through the KuCoin exchange before transferring the illicit assets to the Ethereum blockchain.
PeckShield, a prominent blockchain security organization, monitored the movement of stolen cryptocurrency following its transfer to Ethereum. Their analysis revealed that approximately 810 ETH was funneled into Tornado Cash, while an additional seven ETH moved through FixedFloat.
Notably, Tornado Cash was delisted from U.S. Treasury Department sanctions in March 2025. Nevertheless, the utilization of this privacy protocol may continue to present obstacles for investigators attempting to recover or trace the diverted funds.
Raydium Will Reimburse All Losses Raydium has publicly committed to utilizing its treasury reserves to compensate all financial damages stemming from this security breach. While the protocol emphasized that no current active users suffered losses, some participants maintained residual exposure through the deprecated pool contracts.
This marks the second occasion where Raydium has pledged to absorb user losses. Following an admin key security breach in December 2022 that affected operational pools, the project implemented a governance-approved compensation plan utilizing buyback fee revenue and vested team token allocations to restore liquidity provider funds.
The development team confirmed that all currently deployed mainnet programs remain secure and are presently undergoing comprehensive independent security audits.
Market response to the incident proved minimal. Raydium traded around $0.57, experiencing less than a 1% decline during the 24-hour window after the exploit became public. Solana experienced a modest drop of nearly 2%, settling around $63.88 throughout the identical timeframe.
The RAY token demonstrated resilience, actually gaining more than 2% on the day news of the security breach emerged.
Raydium clarified that both its SDK and decentralized application infrastructure lack functionality for interacting with the legacy AMM V3 pools on the mainnet, effectively confirming the attack remained isolated to decommissioned code.
Security researchers from PeckShield and Specter maintain ongoing efforts to track the movement of stolen digital assets. According to currently available blockchain data, the exploitation remained entirely confined to obsolete infrastructure components without penetrating Raydium’s operational trading ecosystem.
If you’re thinking of launching your own token on Solana, Raydium LaunchLab could be a name to know. The platform promises simple no-code token creation with real DeFi juice. Whether you’re building a meme coin, a serious utility project, or just experimenting, LaunchLab aims to give you the tools (and curves) to make it happen. So, is it as good as it looks from the outside? Here’s what to know in 2026.
KEY TAKEAWAYS
➤ Raydium LaunchLab provides customizable token launches with features like bonding curves, vesting schedules, and integration with Raydium’s AMM.
➤ Unlike platforms such as Pump.fun and Pompom, LaunchLab supports multiple quote tokens (SOL, USDC, USDT, jitoSOL).
➤ LaunchLab enhances the Solana ecosystem by enabling token creation and liquidity integration.
In this guide:
What is LaunchLab?How does LaunchLab work?What are LaunchLab’s key features?Is there a LaunchLab airdrop?How is LaunchLab different from Pump.fun and Pompom?Why LaunchLab matters for SolanaWhat is LaunchLab?Built into the Raydium ecosystem, LaunchLab is a no-code, permissionless token launchpad that lets anyone create and launch a token in minutes.
LAUNCHLAB REWARD POOL IS GROWING 🪂
Throughout the past 2 weeks, we have allocated a total of 400,000 RAY to eligible LaunchLab users
Another 50,000 in RAY rewards is now available, this time with even more token creator rewards 🪂 pic.twitter.com/PdsjZZIG4z
— Raydium (@RaydiumProtocol) April 30, 2025 Think of it as a vending machine for tokens: you plug in your details, pick your bonding curve, set a few parameters, and your token goes live.
Did you know? A bonding curve is a mathematical pricing formula that determines how a token’s price increases as more of it gets bought. With LaunchLab, you can choose curves like linear, exponential, or logarithmic, meaning you control how price and demand interact right from the start.
It’s not just about launching. Once your token hits certain thresholds, LaunchLab connects it to real liquidity via Raydium’s AMM (automated market maker). That means your token can be bought and sold directly on Raydium, just like any major coin, without manual listings or middlemen.
Why was LaunchLab created?Before LaunchLab, launching a token meant losing sleep over smart contracts, begging for AMM listings, and hoping your liquidity pool didn’t get drained by snipers. It was technical, slow, and mostly built for developers, not creators.
Raydium built LaunchLab to change that and give every creator a chance to launch with full control, smart liquidity flows, and pricing curves to match their project’s vibe.
Raydium LaunchLab interface: RaydiumWhether you’re testing an idea or building a movement, Raydium LaunchLab makes it feel native — because that’s what it is.
How does LaunchLab work?So, how does Raydium LaunchLab actually work behind the scenes? The good news is that you don’t need to be a dev. Here’s a quick example of the token creation process.
To create a token on LaunchLab you must:
• Pick a launch mode
• Enter token details
• Hit launch
Step 1: Pick your launch modeYou’ll start by choosing between two modes:
JustSendIt – for folks who want to go live now, with minimal fuss. LaunchLab Mode – for those who want customization: bonding curve shape, token supply, fees, vesting, etc. Token creation method one: LaunchLabStep 2: Enter your token detailsThis is your token’s bio. You name it, assign a symbol, upload a logo if you like, and set the total supply. Then, you decide what % you want to sell to the public.
There’s a minimum raise target (e.g., 30 SOL), and you decide the bonding curve logic.
You can choose from the following bonding curve logics:
Linear: Price rises steadily. Exponential: Starts low, then shoots up — great for rewarding early buyers. Logarithmic: Price climbs fast early, then slows — good for smoothing late entries Note: This curve becomes your token’s pricing engine during the launch window.
Token creation method two: LaunchLabStep 3: Hit launch, and optionally, be firstOnce you hit launch, anyone can start buying tokens along the curve. But LaunchLab gives you a cool option: you can make the first buy yourself. That stops bots and snipers from messing up your initial momentum.
Step 4: Automatic liquidity kick-inOnce the raise hits your predefined goal (let’s say 85 SOL), LaunchLab automatically pushes your token and the collected SOL into a liquidity pool on Raydium’s AMM. It even burns the LP tokens, so the liquidity is locked. You can’t pull it, and neither can anyone else.
Step 5: Earn from trading feesHere’s the kicker. If you enable creator fee share, you earn 10% of all LP trading fees from that pool. You get an NFT (“fee key”) that proves you’re the creator, and yep, that NFT is the key to claiming those earnings.
That’s it. From token creation to price logic and real, functioning liquidity in one smooth workflow.
Additional token creation details: LaunchLabWhat are LaunchLab’s key features?You’ve seen the workflow. Now let’s talk about what makes Raydium LaunchLab not just functional, but also powerful.
These features are designed to help you launch like a pro, even if it’s your first time deploying a token.
Full customization with Bonding curves & capsYou’re not locked into one-size-fits-all logic. LaunchLab lets you shape how your token behaves, starting with your bonding curve (linear, exponential, or logarithmic) and ending with your raise cap. So whether you’re rewarding early buyers or trying to maintain price stability, you get to call the shots.
Built-in liquidity via Raydium’s AMMOnce your raise completes, LaunchLab pushes your token and funds into Raydium’s AMM automatically, something we mentioned earlier while discussing the platform’s modus operandi.
Did you know? Many launch platforms rely on manual liquidity adds or third-party DEX listings. LaunchLab skips that entirely by integrating with Raydium, one of Solana’s top AMMs.
Enable Creator Fee Share, and you earn 10% of all trading fees from your token’s AMM pool. You’ll receive a unique Fee Key NFT, which acts like a revenue pass. As long as it’s in your wallet, you can earn from every trade your community makes.
Support for multiple quote tokensYou’re not limited to SOL. With Raydium LaunchLab, you can set your raise in SOL, USDC, USDT, or jitoSOL, depending on what fits your strategy or audience best.
Did you know? jitoSOL is a liquid staking token built on Solana by Jito Labs. Jito Labs, the team behind jitoSOL, is one of the key players in Solana’s infrastructure scene. The team is known for building tools that optimize staking, validator performance, and MEV (Maximal Extractable Value) solutions — basically helping Solana run faster, fairer, and more efficiently.
Vesting & token unlock optionsIf your project isn’t just a meme (and you’re thinking long-term), LaunchLab has you covered. You can set up vesting schedules, delayed unlocks, and custom distribution plans — all without writing a single line of code.
JustSendIt mode for one-click launchesWant to skip all the custom options? Use JustSendIt Mode, set the basics, and go live in minutes. Perfect for meme coins, experiments, or fast-moving trends.
Is there a LaunchLab airdrop?Be honest; you were hoping for some alpha here, right? So far, there’s no official LaunchLab token, but there have been whispers.
The Raydium team recently dropped a tweet with an airdrop emoji, and the community’s been speculating ever since. So, while there’s nothing confirmed, if you’re interacting with Raydium LaunchLab now, you might be early.
RAY REWARDS FOR TRADERS AND CREATORS 🪂
Traded OR launched a LaunchLab or @bonk_fun token?
Rewards are claimable for eligible participants
More trades AND more tokens launched = better odds 🪂
And yes, another 50,000 $RAY has been added to the prize pool.
Run it back! pic.twitter.com/8dDjYRRyff
— Raydium (@RaydiumProtocol) April 29, 2025 It’s also worth noting that there’s already a referral rewards program tied to LaunchLab launches. Share a project and if someone swaps through your link, you get 0.1% of that volume airdropped directly in SOL. Not a massive bag — but it’s clean, real, and instant. So, no token drop (yet), but definitely a few perks floating around.
How is LaunchLab different from Pump.fun and Pompom?At first glance, all three might look like token launch platforms riding the same meme wave. But dig a little deeper, and it’s clear that Raydium LaunchLab plays a different game. Here is a quick comparison table to validate that notion.
FeatureRaydium LaunchLabPump.funPompomCustomization levelHigh: bonding curves, vesting, multiple token pairsLow: one-click, minimal setupMinima: meme-first, visual-firstLiquidity handlingAuto-migrated to Raydium AMM with LP burnInitially Raydium, now uses PumpSwapNo direct AMM integrationSupported quote tokensSOL, USDC, USDT, jitoSOLSOL onlyMostly SOLPost-launch toolsFee share via NFT, locked liquidityNone (highly experimental)Basic trading, no fee-sharingIdeal forBuilders, long-term projects, serious launchesFast meme coins, viral dropsMeme vibes, visual discovery, and rapid spin-upsWhy LaunchLab matters for SolanaRaydium LaunchLab isn’t just another Solana token launch platform; it’s an infrastructure layer that makes token creation, liquidity, and discovery feel native. By combining deep AMM integration with permissionless tools and bonding curve logic, it helps creators and strengthens Solana’s DeFi flywheel. Whether you’re shipping a meme or a serious project, LaunchLab brings long-term mechanics to what used to be short-term hype.
While it might just be the right time to start exploring it in depth, it’s important to proceed with caution, particularly if you’re looking at investing in LaunchLab-made meme coins. Be wary of scams and fishing links and prioritize safety whenever interacting in such new, decentralized spaces.
