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Solana holds $71.95 support despite $807M sales by Pump.fun; Binance traders remain bullish on SOL.

Market News
07 Aug 2026
AMBCrypto
View Source
Neutral
Solana holds $71.95 support despite $807M sales by Pump.fun; Binance traders remain bullish on SOL.

Pump.fun transferred 84,789 SOL worth $6.25 million to Kraken, adding to its total sales of about $807 million. Despite this selling pressure, Solana's price maintained its key support level at $71.95, showing resilience as buyers absorbed the supply. Most top Binance traders remain bullish, with 76.64% holding long positions, supported by positive funding rates. The price is consolidating between $71.95 support and $78.07 resistance, with potential to rise if $78.07 is reclaimed or fall toward $67.48 if support breaks.

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