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Solana Under Pressure: Will 40,000 SOL Liquidation by Pump.fun Trigger a Crash

  • Solana-based memecoin launch platform, Pump.fun, has liquidated $78 million worth of SOL, causing a decline from recent highs.
  • Pump.fun has generated a total revenue of 969,945 SOL ($162M) and sold 503,343 SOL ($78.7M) at an average price of $156.
  • The liquidation and other factors have put downward pressure on Solana's (SOL) price, with whales also contributing to recent declines.
  • Despite these challenges, SOL still retains a 6.5% gain on its weekly chart and has a positive ROI of 75,153%.

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