Odaily Planet Daily reported that Zhu Su, the founder of Three Arrows Capital, stated on the X platform that the TGE of pump.fun has driven up the price of SOL for the following reasons: 1. pump.fun itself does not hold a large amount of SOL, so it will not create price pressure by selling SOL; 2. The belief that pump.fun will sell SOL is a flawed thinking framework, as users typically purchase SOL with USD, participate in transactions on pump.fun, and pay fees in SOL, while the platform subsequently converts SOL back to USD. This model is just a regular consumer business process; 3. The revenue generated by pump.fun within the Solana ecosystem has attracted more market attention, which could drive a reevaluation of SOL as an investment-grade consumer protocol; 4. Solana ecosystem investors participating in the initial token issuance of pump.fun tend to reinvest their profits back into SOL.