Raydium Price Doubles in a Week as StonkFun Floods LaunchLab

RAY doubled in a week to its highest price since October 2025. StonkFun routed all new token launches through Raydium’s LaunchLab. Raydium ran its largest single-day buyback of RAY to date, worth $640,788. Grindr’s tokenized stock and more than 15 US equities now trade against Raydium liquidity. Raydium’s RAY token doubled over seven days and touched an intraday high near $1.75 on September 11, a level it last traded at in October 2025. The move came almost entirely from activity around the protocol rather than anything Raydium itself shipped. StonkFun, a Solana launchpad that pairs new tokens against tokenized stocks, switched all of its deployments to Raydium’s LaunchLab in early September, and the fee volume that followed fed directly into an automated buyback that reached its heaviest level in more than a year. RAY closed the week up roughly 105%, second only to the STONK meme coin across the top 300 assets, at a time when Bitcoin, Ethereum and XRP all traded lower. Daily RAY buybacks spiked to a record after a year of muted activity. Source: Blockworks. The change that started the rally was a plumbing decision. On September 5, StonkFun moved every new token launch onto Raydium’s LaunchLab, which means each trade now settles through Raydium’s pools and pays a Raydium fee. StonkFun works differently from a standard launchpad: instead of pairing new tokens against SOL or USDC, it pairs them against tokenized stocks, pre-IPO tokens, ETFs and currencies. Raydium had upgraded LaunchLab days earlier to allow any supported quote token as a pairing, and StonkFun became the first platform to use that model. Deployment costs fell to 0.03 SOL from 0.29 SOL, a roughly 90% cut, which lowered the barrier to launching a token to almost nothing. The revenue this produced is the part that moved the price. StonkFun booked $5.88 million in fees over seven days, placing it second among all launchpads and ahead of pump.fun, the platform that has defined the category for two years. Launchpad7-day revenueRankPons$10.46M1StonkFun ▲ on LaunchLab$5.88M2pump.fun$4.73M3LaunchLab (Raydium)$886,6129 Because StonkFun’s launches now run on top of LaunchLab, that $5.88 million of StonkFun activity converts into fee flow for Raydium’s own engine, which is where the second catalyst begins. A $640,788 daily buyback, up from almost nothing for most of 2026 Raydium routes 12% of every fee dollar it collects into open-market RAY purchases. This is not a scheduled pledge to buy at a set date. It behaves more like a daily buyer that shows up with a budget tied to the previous day’s trading volume and no price target. When StonkFun’s volume flooded the fee engine, that budget expanded fast. On September 9, the buyback reached $640,788 in a single day, the largest to date and the heaviest since February 2025.