Raydium’s RAY Token Drops 6% After Failed Meme Coin Launch Attempt

TL;DR Meme Coin Mishap: Solana-based DEX Raydium attempted to launch a meme token called CTO via Twitter. However, another CTO token deployed by Makememe.now caused confusion, leading to a 75% drop in the official Raydium CTO meme token within 24 hours. User Frustration and Raydium’s Response: Users expressed frustration after losing funds. Raydium’s explanation about ... source: https://crypto-economy.com/raydiums-ray-token-drops-6-after-failed-meme-coin-launch-attempt/