• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Solana Investors Should Be Careful! Pump.fun Sales Could Change Market Perception for Altcoin!
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Altcoin News > Solana Investors Should Be Careful! Pump.fun Sales Could Change Market Perception for Altcoin!
Altcoin News

Solana Investors Should Be Careful! Pump.fun Sales Could Change Market Perception for Altcoin!

vitalclick
Last updated: September 12, 2024 2:32 pm
9 months ago
Share
SHARE

One of the leading players in the cryptocurrency market Pump.funrecently sold another batch of Solana (SOL) tokens. According to data obtained by on-chain data provider Look On Chain, the Pump.fun fee account sold 9,940 SOLs worth approximately $1.33 million approximately 20 hours ago. This latest sale brings the total amount of SOL sold by Pump.fun to 274,313 coins with a cumulative value of $42.93 million. The average sale price for these transactions is $156.5 per SOL.

Pump.fun’s Solana Sales Attract Attention with Their TimingPump.fun Sales Could Affect SOL’s Price in the Long Term

Pump.fun’s Solana Sales Attract Attention with Their Timing

Pump.fun has been doing a lot of this lately To the left While the sales have attracted attention in the crypto world, the size and timing of the transactions are what makes the sales headlines. According to on-chain data, Pump.fun’s total revenue from token sales consists of 712,797 SOLs worth approximately $95.87 million.

Sales carried out by the platform for a while now, especially cryptocurrency marketGiven the volatile nature of the stock, it shows a calculated approach to take advantage of SOL’s price changes, where there are sharp price movements.

9 thousand 940 units LEFTThe recent sale of is the latest in a series of transactions by Pump.fun, which has been systematically reducing its holdings in Solana. The strategy behind these sales remains a matter of speculation, with some analysts suggesting that Pump.fun may be looking to sell at the highest price points to maximize its returns. Meanwhile, market watchers are closely monitoring the platform’s sales to gauge the potential impact on SOL’s market price and overall liquidity.

Pump.fun Sales Could Affect SOL’s Price in the Long Term

Pump.fun’s actions come at a time when Solana’s price is experiencing significant volatility. altcoinSolana’s price action is often affected by large trades, such as those made by organizations like Pump.fun. While the market’s reaction to these sell-offs is currently limited, the long-term effects of such significant sell-offs on the altcoin’s price and market sentiment remain to be seen.

At press time, Solana network’s underlying network asset SOL is trading at $134.76, up 2.34% in the last 24 hours.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

You Might Also Like

The new Altcoin is showing up! Airdrop attack from Donald Trump and his family crypto currency project

Will XRP Price Explode? What to Expect This Week?

Ethereum Whale Awakes After 8 Years and Starts Selling ETH

With the support of Donald Trump, the new record in the solana (left) network

When Will Altcoins Rise? Expert Analysts have the answer

TAGGED:Altcoin
Share This Article
Facebook Twitter Email Print
Previous Article Bulls Regain Momentum as Bitcoin Reclaims $58K – Is $68K Next?
Next Article Are PEPE & WIF Prices Recovering? Here’s What to Expect for This Memecoin in Q4 2024
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?