Solana Meme Coin Platform Raises Eyebrows By Selling $1.3M Worth Of SOL
Portfolio Pulse from Khyathi Dalal
Pump.fun, a Solana meme coin platform, sold $1.3M worth of SOL, raising questions among traders. Despite this, traders see potential for Solana's price to rise if it surpasses $136. Solana's total value locked has increased significantly this year, and a major wallet associated with FTX/Alameda redeemed a large amount of SOL from staking.
September 12, 2024 | 12:26 pm
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POSITIVE IMPACT
Pump.fun's sale of $1.3M in SOL has caught traders' attention, with predictions of a potential price rise if SOL surpasses $136. Solana's total value locked has increased, indicating growing interest and usage.
The sale of a significant amount of SOL by Pump.fun suggests potential market movements. Traders are optimistic about a price increase if SOL surpasses $136, indicating a potential buying opportunity. The increase in total value locked in Solana further supports positive sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80