The new Pump.fun SOL sale brings the total to 5,236,623 SOL, worth approximately $848 million; the impact on the SOL price remains uncertain.
The article Cumulative Pump.fun SOL sale reaches approximately $848 million was written by Nadia Voortman and first appeared on Bitcoinmagazine.nl.
Pump.fun sold another SOL 47,994 worth approximately $5,830,000, so its accumulated settlements would exceed $848 million, according to one report. The transaction adds to a cash conversion strategy that coexists with the repurchases and burns of its PUMP token.