Pump.fun sold 77,705 SOL for approximately $7.88 million, bringing its cumulative sales to 5.19 million SOL worth roughly $842 million. This selling pressure was partially offset by Solana spot netflows of approximately -$2.57 million, indicating that withdrawals exceeded deposits on exchanges. Whales also exchanged SOL for STONK, deploying approximately 28,593 SOL to acquire 10.38 million STONK, creating additional supply pressure. SOL was trading around $101.59, consolidating above the key $98.27 support level, with liquidity clusters concentrated between $103 and $105.
Source: Read the original article
