Is Pump.fun dumping again? Its average selling price for SOL was $159.8, while the current price is only $105 💸
🔥 Lookonchain monitoring: Pump.fun transferred another 129,798 $SOL (about $14.06 million) to Kraken, possibly signaling another round of selling.
📊 It has sold a total of 5,477,722 SOL, cashing out about $875.5 million at an average price of $159.8.
📉 SOL is currently around $105.37 (24h: -0.8%), about 34% below its average selling price.
🧠 My take:
1️⃣ Converting fee revenue into cash is standard practice, but sustained selling pressure is indeed an “invisible obstacle” on SOL’s road to recovery.
2️⃣ The good news: A single $14 million sale is relatively small compared with SOL’s daily trading volume, and the market can absorb it for now.
3️⃣ What to watch: Whether meme coin hype returns will determine if Pump.fun’s fee revenue can hold up.
🎯 Watch: Can the $105 level hold? The $108–$110 range is near-term resistance.
$BTC 82818、$ETH 2437, the broader market is moving sideways, and SOL is relatively weak. The Fear & Greed Index is 68 (Greed).
Do you think the project team selling tokens is “normal profit-taking” or “bearish”? Share your thoughts in the comments 👇
#SOL #Pumpfun #On-chainData
Personal opinions only; not investment advice.
🔥 Lookonchain monitoring: Pump.fun transferred another 129,798 $SOL (about $14.06 million) to Kraken, possibly signaling another round of selling.
📊 It has sold a total of 5,477,722 SOL, cashing out about $875.5 million at an average price of $159.8.
📉 SOL is currently around $105.37 (24h: -0.8%), about 34% below its average selling price.
🧠 My take:
1️⃣ Converting fee revenue into cash is standard practice, but sustained selling pressure is indeed an “invisible obstacle” on SOL’s road to recovery.
2️⃣ The good news: A single $14 million sale is relatively small compared with SOL’s daily trading volume, and the market can absorb it for now.
3️⃣ What to watch: Whether meme coin hype returns will determine if Pump.fun’s fee revenue can hold up.
🎯 Watch: Can the $105 level hold? The $108–$110 range is near-term resistance.
$BTC 82818、$ETH 2437, the broader market is moving sideways, and SOL is relatively weak. The Fear & Greed Index is 68 (Greed).
Do you think the project team selling tokens is “normal profit-taking” or “bearish”? Share your thoughts in the comments 👇
#SOL #Pumpfun #On-chainData
Personal opinions only; not investment advice.