Pump.fun, a Solana memecoin launchpad, sold 47,994 SOL for about $5.83 million, pushing its total SOL liquidations above $848 million since early 2024. The platform generates revenue through 1% fees on token launches and trades, converting much of its earnings from SOL to cash systematically. It also supports its native PUMP token through a buyback-and-burn mechanism using half its net revenue. This steady selling influences Solana's market liquidity, especially during slower trading periods when large sales can impact prices more significantly.
Solana (SOL) trades at Rp2,165,090 on Pluang as of Sep 27, 2026 08:01 WIB, down 0.68% over the past day. Despite the recent large-scale SOL sales by Pump.fun, the platform shows a balanced market with 38% sell and 62% buy orders, and a typical hold time of 70 days. This contrasts with the significant cumulative liquidations exceeding $848 million since early 2024, highlighting ongoing volatility in Solana's market liquidity.
XRP is trading at $1.29, its lowest in 30 days, with $3.92 billion in open perpetual futures representing 4.8% of its $81.5 billion market cap. This low leverage compared to Ethereum and Solana (both 15.1%) means liquidation cascades are less likely,...
On October 24, XRP recorded the highest annualized funding rate of 10.9% among major cryptocurrencies in a futures market snapshot, indicating strong demand for long positions. Bitcoin followed with a 9.1% annualized rate and saw a 3.08% increase in ...
Ethereum's share in the real-world asset (RWA) tokenization market has fallen from 71% to 40% over the past year, signaling a shift toward a more diversified blockchain ecosystem. This decline is driven by the rise of other Layer-1 networks like BNB ...
Firedancer, a Solana validator client, has updated its bug bounty program to require researchers to burn 1 SOL token for every submission, including invalid or duplicate reports. This nonrefundable cost aims to reduce low-quality or repeated submissi...
Solana co-founder Anatoly Yakovenko proposed a new concept where validators would price tokenized collateral to support the issuance of new SOL tokens. This system would allow SOL to be minted against the collateral, with profits taxed to boost netwo...
