Pump.fun Unloads 84,789 SOL for $6.25M Amid Market Volatility

Pump.fun has made another significant sale of Solana (SOL), selling 84,789 tokens for $6.25 million today.

This brings their cumulative sales to 4,823,325 SOL ($807 million) at an average price of $167.4, according to on-chain data from lookonchain.

The current market price of SOL is $72.64, which is inside a bearish structure with the EMA50 at $73.68 and EMA200 at $74.62 acting as a cap on upside potential.

Additionally, the MACD death cross at -0.15 and RSI at 39.77 indicate negative momentum in the market.