Raydium Surges 12.93% as Sky Tumbles 9.46% in Altcoin Shift
Raydium (RAY)
Editor:
Eugene Serbin
According to thecurrencyanalytics.com, Raydium (RAY) led altcoin gainers on 8 October 2026, rising 12.93% to $2.42. The Solana-based decentralized finance protocol attracted attention following upgrades to its liquidity pools. Bitway (BTW) also climbed, gaining 10.89% to $1.34 without specific news catalysts.
Jupiter (JUP) rose 7.33% to $0.3682, while NEAR Protocol gained 4.99% to $5.31 amid broader rotation. Pump.fun (PUMP) increased 1.73% to $0.006226, maintaining its community presence. In contrast, Sky (SKY) experienced a sharp decline, falling 9.46% to $0.0798.
The project faced scrutiny over scalability issues during this sell-off. Other tokens like Midnight (NIGHT), Ether.fi (ETHFI), Render (RENDER), and Pi Network (PI) also posted losses. The market showed sharp divergence between Raydium’s rise and Sky’s drop. Traders are watching Bitcoin’s stability and upcoming macroeconomic data for further trends.
How the market reacted
Whalio's own Binance spot order flow for RAY, measured when this story was written up on 8 October 2026. Not the outlet's figures.
Whalio spot data for RAY shows a price of $2.47 with a 1-hour buy ratio of 38.4% and a 4-hour buy ratio of 42.8%. These short-term figures are lower than the 24-hour buy ratio of 53.2%, indicating that buying pressure is fading in the immediate term. The 1-hour volume delta is negative at -$55,209, while the 4-hour delta is -$269,999, showing net selling in the recent hours. However, the 24-hour volume delta remains positive at +$1,879,560, with a cumulative volume delta (CVD) of +$1,671,151. This means that over the full day, buyers outweighed sellers, but the trend has weakened in the last few hours. Spot volume reached $29,433,917 across 249,576 trades.
The latest daily buy ratio of 45.0% sits at the 11th percentile of the last 322 days, against a median of 50.1% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for RAY, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.8%, making today’s 24-hour ratio of 53.2% an unusual day with 3.3 points above average. Trading volume was 3.97 times the average, signaling significantly higher activity. The price increased by 26.8% over eight days, with a total volume delta of +$1,713,321. Net buying occurred on 3 of the 7 days. This data places today’s activity as part of a broader upward trend rather than an isolated event.