$SOL ON-CHAIN FLOW SHOWS MAJOR SUPPLY HITTING EXCHANGES 🔥
Pump.fun deposited 16.43M USDT into Kraken 7 hours ago. Since last July, ~$770M in stablecoins from their public sale have hit CEXs. They've also sold 342,500 SOL in fee revenue since mid-May — roughly $27.59M worth.
This is consistent selling pressure from a high-volume token launchpad. The question is whether the market can absorb this flow without breaking key support.
Not financial advice. Always manage your risk.
#SOL #OnChain #SellingPressure #Crypto
🔥
Pump.fun deposited 16.43M USDT into Kraken 7 hours ago. Since last July, ~$770M in stablecoins from their public sale have hit CEXs. They've also sold 342,500 SOL in fee revenue since mid-May — roughly $27.59M worth.
This is consistent selling pressure from a high-volume token launchpad. The question is whether the market can absorb this flow without breaking key support.
Not financial advice. Always manage your risk.
#SOL #OnChain #SellingPressure #Crypto
🔥