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SOL Sales And Rising DeFi Activity Mark Solana’s Q3 Progress

  • Pump.fun's fee income account continues to sell SOL, transferring 90,000 SOL to Kraken.
  • A significant SOL holder executed a 90,000 SOL sale earning around 14.87 million USDC.
  • 29 Solana-based projects secured funding rounds totaling $173 million in Q3 2024.
  • DeFi on Solana recorded a 26% increase in Total Value Locked (TVL) reaching $5.7 billion.

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