Pump.fun’s fee account still holds over $47 million worth of Solana tokens, which could add more selling pressure.
Solana’s price remained resilient despite continued selling pressure from the memecoin launch platform Pump.fun.
The fee account associated with Pump.fun sold over $6.6 million worth of Solana (SOL) tokens on Oct. 22.
This still leaves Pump.fun with a significant amount of Solana holdings, according to onchain intelligence firm Lookonchain’s Oct. 22 X post, which wrote:
