PumpFun has sold $842M in SOL at an average price of $162, per Lookonchain

AI Market Summary

On-chain data cited by Lookonchain indicates PumpFun has sold roughly $842M of SOL at an average price near $162, including a recent 77,705 SOL sale (~$7.88M). Persistent large-scale distribution from a prominent launch platform can act as a near-term supply overhang, weigh on spot demand, and increase sensitivity to liquidity conditions and further wallet activity.

Impact level

● Medium

Affected assets

SOL/USDT-1.66%

AI Insight · SOL/USDTAI Insight

▼ Bearish

Trade now

⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.

PumpFun has sold a total of $842 million worth of Solana (SOL), according to on-chain tracker Lookonchain. The data shows the tokens were sold at an average price of $162 per SOL. The most recent selling wave took place yesterday, when the launch platform offloaded about 77,705 SOL valued at roughly $7.88 million.

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.

Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.