PumpFun Sells Another $5.8 Million in SOL, Cumulative Total Hits $848 Million

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Summary · why it matters

PumpFun's cumulative sell total has reached $848 million as it continues to offload significant amounts of SOL as generated profit. The platform reported an enormous selling volume of $5.8 million in 24 hours. On-chain data reveals another wave of sizable withdrawals to Kraken over the last two hours.

Impact on assets 1

Others▼ · 1 stocks
Solana
SOL-USD
▼ NegativeSupplyrelevance

PumpFun continues offloading large amounts of SOL ($5.8M in 24h, $848M cumulative), adding sell-side supply pressure on Solana.

Off-coverage companies 2

Kraken (Payward Inc.)Private± Mixed
relevance

Pump.funPrivate± Mixed
relevance

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