Pump.fun Sells $16.28M SOL, Marking First Major On-Chain Transaction

Crypto platform Pump.fun executed a significant transaction on August 13, 2025, selling 86,000 Solana (SOL) tokens worth $16.28 million USDC. This marks their first major on-chain sale post-launch and suggests potential shifts in their monetization strategies. The move is anticipated to impact the liquidity of Pump.fun’s native PUMP token and market dynamics within the Solana ecosystem.