Pumpfun, a popular platform that specializes in Solana-based meme coins, has sold another 36,400 SOL tokens worth around $6.77 million. This sale occurred during a 10% increase in Solana’s price in the previous 24 hours, sparking debate over the platform’s approach. Is Pumpfun’s strategic move an indication of deeper trends, and what implications does it have for Solana’s price trajectory?
Pumpfun’s SOL Dumps and Solana Price Impact
Pumpfun’s latest sale adds to a long history of dumping SOL, bringing the total number of SOL sold to 672,243 and a total value of $108 million. This recent transaction follows Pumpfun’s deposit of $22.8 million in USD Coin (USDC) to Kraken, which aligns with the company’s liquidity plan. By transferring significant SOL assets to a high-liquidity exchange, the platform ensures more stable trading circumstances. This planned disposal of SOL holdings comes at a time when Solana’s price has been rallying, with the most recent 10% increase indicati
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