- Pump.fun sold another 81,711 SOL worth approximately $6.15 million.
- Total SOL sales have reached nearly $801 million, according to Lookonchain.
- Treasury transfers come as Solana memecoin trading activity continues to cool.
Pump.fun sells SOL once again, with on-chain data showing the platform transferred and sold another 81,711 SOL, worth about $6.15 million. According to Lookonchain, the latest transaction brings Pump.fun sells SOL activity to 4,738,536 SOL, valued at approximately $800.96 million at an average sale price of $169. The latest movement has renewed attention on potential selling pressure across the Solana ecosystem.
Pump.fun Sells SOL Through Kraken as Treasury Grows
The latest Pump.fun sells SOL transaction involved a transfer of roughly 81,712 SOL from the platform’s fee wallet to Kraken. On-chain records tracked through Solscan and analysis from Lookonchain and EmberCN indicate the movement originated from the protocol’s treasury rather than a user wallet.
Large transfers to centralized exchanges do not always confirm an immediate sale. However, they often attract market attention because exchanges provide the fastest route for liquidation or treasury management. Since Pump.fun has become one of Solana’s largest fee generators, each significant transfer receives scrutiny.
Pump.fun Sells SOL While Memecoin Activity Slows
The Pump.fun sells SOL narrative arrives as Solana’s memecoin market shows signs of cooling after months of heavy activity. Since early 2024, the platform has accumulated about 4.812 million SOL in fee revenue, valued near $812 million based on an average SOL price of $168.70.
Pump.fun’s success has been closely tied to Solana’s low-cost infrastructure, allowing users to launch and trade memecoins at scale. As trading activity moderates, treasury transfers naturally raise questions about liquidity management and potential market impact.
At the time of writing, PUMP traded at $0.001677, with a 24-hour trading volume of $85.24 million and a market capitalization of $671.96 million. The token was down 4.01% over the past day, although some analysts continue watching for signs of a technical recovery.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
