{"id":99954,"date":"2024-11-18T20:48:55","date_gmt":"2024-11-19T00:48:55","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=99954"},"modified":"2024-11-18T20:49:56","modified_gmt":"2024-11-19T00:49:56","slug":"pump-fun-fee-account-sells-25m-sol","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/pump-fun-fee-account-sells-25m-sol\/","title":{"rendered":"Pump.fun Fee Account Sells $25m SOL"},"content":{"rendered":"\n

Pump.fun, a meme coin launch platform, sold more Solana tokens<\/a> generated in fees.<\/p>\n\n\n\n

\"Pump.fun
Pump.fun Fee Account Sells $25m SOL<\/figcaption><\/figure>\n\n\n\n

Lookonchain, a blockchain data monitoring platform\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, announced on November 18 that Pump.fun has sold 105,000 Solana tokens. <\/p>\n\n\n\n

Lookonchain said on X that the offloaded tokens, which at the time amounted over $25 million, originated from the meme factory's fee account. <\/p>\n\n\n\n

The altcoin's price increased from $135 to around $180 at the same time as this sale. The leading meme coin generator in Solana has been steadily selling coins in recent weeks and months, with a total income of 1,307,966 SOL, or more over $315 million. <\/p>\n\n\n\n

Seven days ago, Pump.fun sold 43,000 SOL for more over $9.38 million. The site has offloaded 352,400 SOL valued at more than $71 million in recent weeks. <\/p>\n\n\n\n

This covers the 10,300 SOL that was sold in September. On-chain data<\/a> indicates that the SunPump competitor has cashed out a total of 898,243 SOL, or $157 million. <\/p>\n\n\n\n

These sales from the fee account indicate that the team needs money because this wallet is used to pay platform operating expenses in addition to collecting transaction fees.\u00a0<\/p>\n\n\n\n

SOL Cost\u00a0<\/h2>\n\n\n\n

The most recent SOL sale on Pump.fun coincides with the token's price surge past $200. The price of Solana has risen by over 50% in the last month, hitting fresh highs of around $247 for the year. <\/p>\n\n\n\n

This bullish rally took SOL within 8% of its all-time high <\/a>of $259, according to market statistics. Since then, SOL has dropped from $247.84 to $237.41, reducing seven-day gains to about 8.6% and 24-hour gains to about 2%.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Pump.fun, a meme coin launch platform, sold more Solana tokens generated in fees. Lookonchain, a blockchain data monitoring platform , announced on November 18 that Pump.fun has sold 105,000 Solana tokens. Lookonchain said on X that the offloaded tokens, which at the time amounted over $25 million, originated from the meme factory’s fee account. The […]<\/p>\n","protected":false},"author":43,"featured_media":99955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[918,19616,275],"class_list":["post-99954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-meme-coin","tag-pump-fun","tag-solana"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/croc_1731976590398.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=99954"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/99955"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=99954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=99954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=99954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}