Pump.fun to Cash Out Massive $156K SOL, Fueling Solana Price Pressures

Pump.fun continues its pattern of selling SOL after accumulating profits, raising concerns about its impact on the Solana ecosystem’s price stability. The platform recently transferred 156,000 SOL from its fee wallet to Kraken, a move exceeding previous deposits. While market reaction has been observed, questions remain regarding long-term value extraction and the platform’s contribution to the overall ecosystem health.