Pump(.)fun has now sold 5.18 million $SOL, with total sales worth more than $842 million.
Its latest sale was about 77,705 SOL worth $7.88 million, showing how large its SOL holdings and sales activity have become.
Pump(.)fun earns fees from activity on its platform, which has made it a major part of the Solana memecoin market.
With millions of SOL sold over time, its wallet activity is worth watching because large sales can add selling pressure to SOL.
For me, this is another reason to keep an eye on both Pump(.)fun activity and Solana’s on-chain data.
#SolanaNetwork #Solana #Altcoin Season# #pumpdotfun
Its latest sale was about 77,705 SOL worth $7.88 million, showing how large its SOL holdings and sales activity have become.
Pump(.)fun earns fees from activity on its platform, which has made it a major part of the Solana memecoin market.
With millions of SOL sold over time, its wallet activity is worth watching because large sales can add selling pressure to SOL.
For me, this is another reason to keep an eye on both Pump(.)fun activity and Solana’s on-chain data.
#SolanaNetwork #Solana #Altcoin Season# #pumpdotfun