Pump.fun dumped 4.1M SOL since May 2024, triggering $741M in sales and fueling a wave of bearish pressure across Solana markets.
A $1B token raise at a $4B valuation by Pump. fun faces backlash as SEC probes deepen and its founder’s rumored arrest stirs concern.
Solana holds strong at $153 despite massive sell-offs, as whales offload hundreds of thousands of SOL near key resistance levels.
The cryptocurrency world shakes as Pump.fun, a leading Solana-based memecoin platform, has dumped 4.1 million SOL worth $741 million since May 2024. Solana’s price now stands at $153.62, down 2.0% in the last 24 hours, amid suspensions and regulatory tension.
Unraveling the Solana Sell-Off Wave
According to a post by Lookonchain, Pump.fun has offloaded 4.1 million SOL, with 264,373 SOL swapped for 41.64 million USDC at $158. The sell-off, from May 2024 to June 2025, targets market tops, with 491,018 SOL sold in November 2024. Recent movements have reshaped priorities, with 188,000 SOL dumped in early 2025 halting rallies.
https://twitter.com/lookonchain/status/1934875568274837802
Sales like 355,607 SOL in February 2025 and 280,632 SOL in March-May 2025 fuel bearish pressure. Such shifts prompt firms to recalibrate, with 55,000 SOL and 56,950 SOL sold in mid-2024. Large dumps of 679,586 SOL and 289,044 SOL during corrections deepen Solana’s volatility. The cryptocurrency’s $81.12 billion market cap and $5 billion volume hold, but bearish sentiment grows.
Pump.fun’s $1 Billion Token Raise Faces Regulatory Heat
According to a report by CryptoNinjas yesterday, Pump.fun launched a $1 billion token raise at a $4 billion valuation. Using a public sale and Kraken custody, the plan boosts Solana ecosystem growth with $PUMP. Asset exposure targets memecoins and DeFi, aiming to dominate the cryptocurrency market.
However, the founder’s rumored NYC arrest on June 17, 2025, clashes with this move. pumpdotfun’s suspension lost 457.7K followers before reinstatement, signaling trouble. The SEC eyes fraud tied to $PUMP’s $4 peak, with X suspending 12 Solana accounts. This regulatory heat tests Pump.fun’s cryptocurrency ambitions and investor trust.
Solana’s Market Stands Firm Amid Bearish Sales
Solana’s 527.87 million SOL circulating and 603.14 million total supply back a $92.69 billion valuation. Trading between $148.95 and $158.57, it maintains a $5 billion volume and $81.12 billion market cap. However, 116,055 SOL sales near $250 in 2025 and 154,009 SOL in May add bearish pressure.
Persistent selling at resistance fuels caution, despite deep liquidity. The chart shows a cycle of distribution, with 48,876 SOL to 679,586 SOL moved strategically. As of 09:23 AM EAT today, Solana’s resilience faces ongoing bearish challenges. Pump.fun account is back on X with 461.4K followers.
The post Solana Price Drops 2% After Pump.Fun Offloads 4.1M SOL in Strategic Sales appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
