Pump.fun Rumor Sparks Solana Price Volatility, Could $1 Billion Presale Disrupt the Meme Coin Market?

Rumors of a potential $1 billion presale from meme coin factory Pump.fun are creating waves in the Solana ecosystem. While Pump.fun has played a major role in enabling the rise of Solana-based meme coins through its platform, recent days have seen heavy sell-side pressure on SOL tokens. 3 million SOL worth over $468 million was offloaded in just three days, sending SOL to a low of $150 before rebounding slightly. Despite this temporary dip, technical indicators like Chaikin Money Flow (CMF) remain negative, suggesting caution and even bearish sentiment among traders.