Pump.fun has transferred another 122,000 SOL, worth approximately $10 M, to an exchange. According to data from Lookonchain, this is another routine sale of tokens collected as trading fees. Pump.fun has been carrying out similar transactions on a regular basis since 2024.
Since it began making these sales, Pump.fun has sold roughly 4.65 million SOL, raising nearly $795 M. The average selling price has been about $171 per token. Most of these transactions have been executed through Kraken.
Trading fees remain Pump.fun’s primary source of revenue. The company regularly converts part of the SOL it receives into other assets to cover operating expenses and manage its reserves.
The Market Remains Resilient to Large-Scale Sales
The platform’s cumulative SOL sales have now approached $800 M, creating steady selling pressure. Even so, SOL has remained relatively stable, suggesting that market demand has been strong enough to absorb the additional supply.
The latest SOL transfer has once again divided market participants. Some argue that the platform’s regular sales add downward pressure to the asset’s price, while others view them as a standard treasury management practice and note that the market has continued to absorb the additional supply.
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