Pump.fun Has Sold Nearly $888 Million in SOL and Shows No Sign of Slowing Down

Another Batch Heads to Kraken

Pump.fun is selling into the clang again and onchain trackers reported earlier today that the memecoin level deposited 64,666 SOL, worthy astir $5.19 million, into Kraken astir 7 hours earlier.

The deposit is thing caller and has been witnessed clip and again successful the past. This is due to the fact that Pump.fun earns fees successful SOL each clip users motorboat and commercialized memecoins connected its platform. These funds get regularly converted into gross by sending them to exchanges. According to Arkham’s Pump.fun entity page, the level has present sold 5,618,499 SOL for astir $887.6 cardinal astatine an mean terms of $158.

Onchain expert EmberCN described the accrued SOL arsenic interest gross and estimated that Pump.fun had sold astir 5.69 cardinal SOL, worthy astir $898 million, since aboriginal 2024.

Selling astatine Double Today’s Price

The timing of those past income looks bully successful hindsight arsenic SOL traded adjacent $75.76 aboriginal Saturday aft a debased of astir $74.85. That’s down astir 16% implicit 7 days, 26% implicit 30 days and 74% from its all-time precocious of $293.31 successful January 2025.

At today’s price, the 5.62 cardinal SOL Pump.fun has sold would beryllium worthy astir $426 million. By selling astatine an mean of $158, the level locked successful much than doubly that. In summation to this, Solana has had a engaged fewer weeks, with Bitcoin.com News reporting that DTCC plans to bring tokenized securities to Solana.

At the aforesaid time, China’s cardinal slope opened a probe into Solana implicit amerciable crypto services. Neither of these developments person been capable to halt SOL’s ongoing slide.

PUMP Unlocks Hit Coinbase Prime

Pump.fun’s ain token is nether unit too, and EmberCN reported that 3 wallets belonging to Pump.fun’s squad oregon aboriginal investors moved 1.458 cardinal recently unlocked PUMP, worthy astir $5.01 million, to Coinbase Prime, Coinbase’s organization trading platform.

Those 3 wallets clasp a combined allocation of 70 cardinal PUMP that began unlocking successful July and the aforesaid wallets moved the aforesaid monthly amount, 1.458 cardinal PUMP, to Coinbase Prime connected Oct. 13, erstwhile it was worthy astir $7.58 million.

The driblet successful worth from 1 period to the adjacent shows however acold the token has fallen. PUMP is currently trading adjacent $0.0034, down astir 61% from its September 2025 peak.

Lastly, it bears mentioning that speech and prime-broker deposits are usually work arsenic mentation to sell, and back-to-back monthly transfers of unlocked proviso adhd to the overhang connected PUMP.

Looking for Buyers

The deposits travel astatine a clip erstwhile the crypto marketplace arsenic a full is going done 1 of its roughest stretches, with over $330 cardinal successful liquidations taking spot successful little than 2 hours. Consequently, bitcoin fell nether $67,000 portion SOL mislaid $75. Memecoin activity, the motor down Pump.fun’s fees, has cooled arsenic well, on with the broader market.

What comes adjacent depends connected whether buyers sorb the supply. Pump.fun has sold SOL done rallies and sell-offs alike, truthful traders shouldn’t expect it to stop. The question for SOL holders is whether the $75 country holds arsenic support, oregon whether dependable selling from the network’s biggest app keeps pushing it lower.