Solana breaking above $200 is bullish for all ecosystem coins within Solana. Now's the time to actually be looking for what still seems to be lagging despite showing solid growth, quality fundamentals, and a REAL focus on the token itself. The clear standout is something like $RAY from @RaydiumProtocol - Leading market share for memecoins with LetsBonk (built on Raydium) - Fees generated approaching all-time high from that sector, which directly go back to token buybacks - The amount of building on top of Raydium's tech stack continues to grow to all-time highs, things like the token launchpad SDK, things like the tokenized stocks that took over the timeline just a few weeks back, and more All of these generate fees because of the Raydium pools, which go back to the token in the form of buybacks. Year to Date, Raydium is only trading at a 4x multiple from the total amount of buybacks it has had on the token, which just go and compare that to some of your favorite revenue-generating token buyback products, and I'll let you make the realization of what is undervalued here. They've had $190 MILLION in buybacks.
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