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%.