24/7 Cryptocurrency News

Pump Fun Sells 43,000 SOL As Solana Price Touches $220

Meme coin launchpad Pump Fun has sold another 43,000 SOL as the Solana price rallied to $220, it's highest level this year.
Published by
Pump Fun Sells 43,000 SOL As Solana Price Touches $220

Highlights

  • Pump Fun sold 43,000 SOL as the Solana price reached $220.
  • The Solana price is currently bullish partly thanks to the meme coin frenzy on the network.
  • Crypto analyst Altcoin Sherpa predicts that SOL will soon reach its current ATH.

Meme coin launchpad Pump Fun has offloaded more of its SOL holdings following the recent Solana price rally to $220. This comes amid predictions that Solana could soon reach its current all-time high (ATH) and possibly surpass it soon enough.

Advertisement

Pump Fun Sells 43,000 SOL As Solana Price Surges

In an X post, the on-chain analytics platform Lookonchain revealed that Pump Fun has sold 43,000 SOL ($9.46 million. The meme coin launchpad has sold 793,243 SOL ($132.5 million) out of its total revenue of almost 1.2 million SOL ($263 million). Solscan data shows that the Pump Fun fee account still holds 220,865 SOL ($48.4 million).

This development came as the Solana price hit $220, which marked a yearly high for the crypto. SOL’s outlook is currently bullish, with the Bitcoin price rallying and bullish sentiment in the broader crypto market.

The Solana price is also bullish, given the liquidity flowing into the SOL ecosystem. Debridge data showed that over $160 million has been bridged into the Solana ecosystem in the last seven days.

The meme coin frenzy on the Solana network has partly contributed to these inflows as market participants look to trade meme coins on the network. This frenzy was over the roof today, as Solana meme coins ACT and PNUT rallied 1,300% and 250%, respectively, following Binance’s spot listing.

Thanks to this meme coin frenzy, Solana topped Ethereum in weekly decentralized exchange (DEX) volume for the sixth consecutive week. DeFiLlama data shows that Solana recorded a trading volume of $17.484 billion in the last seven days, while Ethereum’s DEX volume was $14.97 billion during this period.

Advertisement

SOL To Reach All-Time High Soon

In an X post, Crypto analyst Altcoin Sherpa said that the Solana price will soon reach its current ATH of $260. He made this prediction while remarking that market participants should not fade the “biggest casino this cycle” in allusion to the meme coin frenzy on the Solana network.

The analyst’s accompanying chart showed that the Solana price could quickly run to $290 as soon as it breaches its ATH at $260. According to a CoinGape market analysis, Solana eyes $263 and $330 as the next potential targets following its most recent price rally. Meanwhile, there is also the possibility that SOL could rally to as high as $1,000 in this market cycle.

At the time of writing, the Solana price is trading at around $219, up over 4% in the last 24 hours. SOL’s trading volume is up over 40%, with $10.17 billion traded during this period.

Share
Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Spotlights Strategy’s Performance Following S&P 500 Snub

Michael Saylor highlighted Strategy’s outperformance after the company was excluded from the S&P 500. The…

September 6, 2025
  • 24/7 Cryptocurrency News

Donald Trump Shortlists Hassett, Warsh, and Waller for Fed Chair

U.S. President Donald Trump has revealed his shortlist of candidates who could potentially replace Fed…

September 6, 2025