Pump.fun sells additional 143,500 SOL, bringing cumulative sales to 4.9779 million

Pump.fun sold an additional 143,500 SOL worth approximately $12.52 million, according to blockchain analytics firm Lookonchain, bringing its cumulative SOL sales to 4.9779 million tokens valued at roughly $820 million. The platform’s average sale price is about $164.8 per SOL. Earlier, on-chain analyst Ember reported that the same 143,500 SOL had been transferred to Kraken as fee revenue and valued the holdings at $12.53 million. The transactions are part of Pump.fun’s periodic treasury management, which can include converting SOL proceeds into stablecoins or funding operations. While large sales may create temporary selling pressure, Solana’s market has absorbed the transactions without significant disruption as network activity, meme-coin launches and institutional interest support the ecosystem.

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Pump.fun sells additional 143,500 SOL, bringing cumulative sales to 4.9779 million - CoinPost Terminal