Pump.fun sells $5.83M SOL, but ETF inflows surge – Can Solana break $122.70?

Pump.fun’s recent Solana’s [SOL] sale has introduced renewed supply pressure, as stronger institutional and ecosystem demand challenges its impact on price.

As reported by Lookonchain, Pump.fun sold another 47,994 SOL valued roughly at $5.83 million, expanding its substantial selling activity.

In total the platform’s cumulative sales climbed to 5.24 million SOL, worth approximately $848 million.

This persistent selling introduced additional market supply as SOL struggled to extend its broader price recovery. The latest transaction, however, represented only part of Pump.fun’s accumulated SOL activity, since the platform still held 381,737 SOL after its latest sale.

At the time of reporting, Solana had recorded $5.14 million in Spot net outflows, reflecting a notable shift from the recent exchange activity.

Before that flip, the Spot flows had maintained positive flows for three consecutive days, suggesting sustained inflows onto exchanges.

The exchange supply, as a result, started declining while Pump.fun continued pumping SOL into the market. However, one session of outflows still did not establish a sustained withdrawal trend.

The $122.70 rejection puts recovery under pressure

Solana’s latest price advance pushed its price into the $122.70 zone, where sellers rejected the rally, preventing further upside.