Pump.fun dumps 65K SOL tokens: How will this impact Solana’s market?

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Pump Fun deposits 65,000 Solana tokens worth $15.23 million to exchanges. Sol has declined over the past 7 days by 8.23%

With the latest deposits, Pump.fun has deposited 798.869 SOL tokens worth $154 million to Kraken. It has also sold 264.373 SOL for 41.64 million USDC. It should noted that in total, since Pump.fun started operations, it has earned 1,526,937 SOL worth $362 million.has experienced a market correction over the past 24 hours. As such, the altcoin has dropped from a high of $245 to $243, at press time.

The current market conditions, especially with increased selling in large holders, raise questions about whether Solana could see more decline. Thus, sellers have dominated over the past four days, when MA made a bearish crossover suggesting buyers have lost momentum.

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