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Pump.fun sells nearly $888M in Solana amid price drop, showing no signs of slowing.

Market News
14 Nov 2026, 14:30 WIB
Bitcoin
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Bearish
Pump.fun sells nearly $888M in Solana amid price drop, showing no signs of slowing.

Pump.fun, a memecoin launchpad, has sold about 5.62 million SOL tokens worth approximately $887.6 million at an average price of $158, more than double the current price of around $75.76. Recently, it deposited 64,666 SOL (about $5.19 million) into Kraken, continuing its pattern of converting fees earned in SOL into revenue by selling on exchanges. Despite positive developments like DTCC planning to bring tokenized securities to Solana, SOL's price has fallen significantly from its January 2025 peak. Meanwhile, Pump.fun's own token, PUMP, is also declining, with large monthly unlocks being moved to Coinbase Prime, indicating potential further selling pressure. The key question remains whether buyers will absorb this supply or if steady selling will push SOL prices lower.

Solana (SOL) trades at Rp1.382.827 on Pluang, down 5.97% as of Nov 14, 2026 19:41 WIB, reflecting ongoing selling pressure consistent with the article's note on Pump.fun's large SOL sales. Pump.fun's token PUMP also shows a decline, priced at Rp59 with a 7.01% drop, while order activity on Pluang indicates a balanced 50% sell and 50% buy for PUMP, and a 34% sell to 66% buy ratio for SOL. Typical holding times are 73 days for SOL and 28 days for PUMP, highlighting differing investor behavior amid the token movements discussed in the news.

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