1d ago

PumpFun sells $842M in SOL at an average price of $162 per token

AI Market Summary

On-chain data indicates PumpFun has cumulatively sold about $842M of SOL at an average ~$162, with the latest tranche (~77,705 SOL, ~$7.88M) sold yesterday. Persistent, identifiable distribution by a major ecosystem platform can act as an overhang on spot liquidity and near-term risk appetite, increasing sensitivity to further wallet outflows and monitoring by traders.

Impact level

● Medium

Affected assets

SOL/USDT+2.10%

AI Insight · SOL/USDTAI Insight

▼ Bearish

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On-chain data show PumpFun has sold $842M worth of Solana (SOL) at an average price of $162 per token, according to @lookonchain. The latest sale occurred yesterday, when the launch platform sold about 77,705 SOL worth roughly $7.88M. The transactions indicate PumpFun has continued reducing its SOL holdings.

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