Pump.fun sold 47,994 SOL worth approximately $5.83 million, bringing its cumulative sales to 5.24 million SOL worth roughly $848 million. Despite this selling pressure, record ETF inflows have strengthened institutional demand for SOL. Solana’s price pushed toward the $122.70 resistance level but was rejected, settling around $120.64. The RSI indicator approached the overbought zone at 70 before reversing to 67, signaling fading buying momentum. The $110.13 support level remains critical if the current rejection develops into a deeper correction.
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