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

Quick Summary:

Pump.fun's massive Solana sales trigger market correction, raising concerns about SOL's bearish price momentum.

According to Lookonchain, Pump.fun deposited 65,000 SOL tokens worth $15.23 million to Kraken.

The decline in OI suggests that investors are closing their positions while the market lacks new entrants.

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Article Details

Author / Journalist: Gladys Makena

Category: Crypto

Markets: United States

Topics: News 1 Social Solana Trading View News Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 22:00:26 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23956518

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 21 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

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Publisher ID: #103

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