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$RAY has quietly become one of crypto’s wildest comeback trades. #RAY doubled in roughly a week, while Raydium’s fee engine triggered a record ~$641K single-day token buyback. Launch activity is feeding fees → fees feed buybacks → buybacks squeeze supply. But after a ~90% weekly run, is this flywheel just starting… or already overheated? Would you buy $RAY here or wait for the flush?