Solana ecosystem DEX Raydium has cumulatively repurchased tokens worth over 190 million US dollars

Raydium, a decentralized exchange based on Solana, announced on Wednesday that it has allocated a total of $190.4 million for the repurchase of RAY tokens. The platform will repurchase a portion of RAY tokens from the public market, with funding coming from its revenue. According to data shared by contributor 0xINFRA on the X platform, this move has brought Raydium's cumulative repurchase total to 69.1 million RAY, accounting for approximately 25% of the circulating supply. The most recent transaction price of RAY token was close to $2.99, and based on this price, the nominal market value of the token is approximately $800 million. However, after taking into account the repurchased tokens, the market value adjusted for liquidity will approach $593 million.