Can Raydium’s LaunchLab Dominate the Memecoin Market? RAY Price Reacts to the News

Raydium is introducing LaunchLab, a memecoin launchpad aiming to rival Pump.fun. This move comes as Pump.fun seeks independence, threatening a key revenue stream for Raydium. The launch has already impacted RAY’s price, which surged before facing volatility. This analysis examines the token’s market position and future price movement.