Lookonchain: Pump.fun has sold 5.35M SOL worth $861M

AI Market Summary

Lookonchain data indicates Pump.fun has sold a cumulative 5.3479M SOL (~$861M) at an average ~$161, including a recent 102,500 SOL sale (~$12.41M). The ongoing distribution implies persistent sell-side pressure and added near-term supply overhang for SOL, likely weighing on spot liquidity conditions and sentiment in the Solana ecosystem.

Impact level

● Medium

Affected assets

SOL/USDT-1.70%

AI Insight · SOL/USDTAI Insight

▼ Bearish

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Pump.fun has offloaded another 102,500 SOL over the past eight hours, according to Lookonchain monitoring cited by Odaily Planet Daily. The latest sale was valued at about $12.41 million. Cumulatively, Pump.fun has sold 5.3479 million SOL for an estimated $861 million, implying an average selling price of $161 per SOL.

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