Pump.fun Nears $800M in Ongoing Solana Sell-Off, Raising Market Concerns » CoinEagle
Key Points
- Pump.fun sold 122,498 SOL, bringing total disposals to 4.656 million SOL.
- SOL trades near $78 as markets assess chances of rebound to $90.
Pump.fun has sold another 122,498 SOL, worth roughly $10 million at current prices.
Following the transaction, Solana (SOL) declined about 3.6%, extending short-term volatility.
The platform’s cumulative sales now total 4.656 million SOL, valued at approximately $794.8 million at an average exit price of $170.7 per token.
The sales stem from converting protocol fee revenue, denominated in SOL, into stablecoins for treasury management purposes.
With millions of tokens sold, Pump.fun represents one of the largest recurring sellers within the Solana ecosystem.
Prediction market data shows the probability of SOL reaching $90 by the end of July has fallen to 38.5%.
Can SOL Rebound Toward $90?
SOL recently pulled back to around $78 after a stronger rally the previous week.
While the decline has slowed bullish momentum, recent gains have not been fully erased.
Some analysts note that the three-day SuperTrend indicator has issued a buy signal, its first since October 2025.
Market observers are watching the $75 to $77 range as a critical support zone for any renewed upside attempt.
If support holds, a move toward $90 could reenter focus, while $100 would represent a further upside level.
A decisive break below $77 would weaken the current setup and shift attention toward lower support zones in the $50 range.
The $80 level remains a near-term threshold traders continue to monitor for signs of stability or renewed pressure.
LiquidChain Highlights Cross-Chain Liquidity Focus
Current spot levels and the capped upside projection toward $100 reflect supply pressure from ongoing token sales.
Against this backdrop, LiquidChain positions itself as a Layer 3 infrastructure project addressing liquidity fragmentation across Bitcoin, Ethereum, and Solana.
The project describes its system as a Unified Liquidity Layer designed to enable single-step cross-chain transactions and deploy-once smart contracts across the three networks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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