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Pump.fun Dumps Over $24M In SOL As Market Volatility Surges

  • Pump.fun transferred 109,587 SOL, worth $24.36 million, to Kraken.
  • The pace of SOL selling by Pump.fun is expected to slow down due to depleted reserves and a decline in fee income.
  • Pump.fun has accumulated over 1.5 million SOL in transaction fees, with sales volume reaching 1.546 million SOL worth $300.76 million.
  • The cryptocurrency market experienced heightened volatility, leading to the liquidation of approximately $1.53 billion in positions, with long positions accounting for $1.39 billion.

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