Pump.fun sells nearly $888 million of Solana amid market downturn
The Solana‑based memecoin platform Pump.fun has converted more than 5.6 million SOL into cash, generating roughly $887.6 million at an average price of $158 per token. It continued to move fees to exchanges, sending 64,666 SOL worth about $5.19 million to Kraken and transferring 1.458 billion PUMP tokens, valued at $5.01 million, to Coinbase Prime. The activity occurs while SOL trades near $75.76 and remains 74% below its January 2025 peak of $293.31.
Why it matters
The large outflow of SOL could add selling pressure on the already declining token, potentially weighing on Solana’s price for traders and investors. Pump.fun’s cumulative SOL sales now total $720 million, indicating a significant ongoing supply drain.
Key facts
- 1Pump.fun has sold 5,618,499 SOL for about $887.6 million, averaging $158 per SOL. news.bitcoin.com
- 2The platform deposited 64,666 SOL into Kraken, valued at roughly $5.19 million. news.bitcoin.com
- 3It moved 1.458 billion PUMP tokens, worth about $5.01 million, to Coinbase Prime. news.bitcoin.com
- 4SOL was trading near $75.76 at the time of the report. news.bitcoin.com
- 5SOL price is down 74% from its January 2025 high of $293.31. news.bitcoin.com
- 6Pump.fun’s cumulative SOL sales amount to $720 million. en.bloomingbit.io
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.