Solana Whiplash: $741M Sell-Off by Pump.fun Leaves Investors Gasping for Air 😂

If you’d asked me in April whether Solana would nearly double in 46 days, I would have said no, unless of course I’d slipped in the shower, banged my head, and started believing crypto charts tell the truth. But there it was: $96 in April, $187 in mid-May, and a bunch of guys on Discord posting rocket emojis like it was their full-time job.

Then came the end of May. Suddenly, Solana’s gains dropped faster than my willpower at a bake sale. The price tiptoed back to $144, as if apologizing for having too much fun, and suddenly everyone was pretending to be an expert in something called the Fixed Range Volume Profile which—let’s be honest—sounds like something you’d pay way too much for at a loud WeWork.

By June, hopes were up again. Climbing the emotional rollercoaster that is crypto, people grew “optimistic,” which is crypto Twitter for “this won’t hurt much, right?” Then boom: The universe, with the timing of an overzealous stage manager, dropped a 4.1 million SOL sell-off courtesy of the notorious memecoin sweatshop, Pump.fun. Because nothing says confidence like your favorite launchpad rug-pulling harder than a toddler on Christmas morning. 🪞 🛒

$741M: How Pump.fun Made Solana Cry Real Digital Tears

Pump.fun was the Willy Wonka factory for meme coins—except nobody bothered to check whether Grandpa Joe had a criminal record. It snatched headlines for enabling what gracious folks might call “highly ambitious financial experiments” (read: pump-and-dump schemes that make you miss the stability of Enron stock).

As if that wasn’t spicy enough, the official X accounts for Pump.fun and its ringmaster, Alon Cohen, mysteriously vanished. Suspended. Poof! Gone faster than my patience for people who say “HODL” unironically. Crypto sleuths started whispering about “investigations” and “legal concerns,” which, in the world of crypto, is just another Tuesday.

According to lookonchain, since May 19, 2024, Pump.fun has been fire-selling SOL at the rate of my mother unloading Beanie Babies in 1999. Total haul: 4.1 million SOL, or $741 million, which is the kind of money that makes you reconsider buying the “small” cold brew. Highlights include a casual 3.84 million SOL sent to Kraken, and another 264,000-ish scooped up by USDC—those folks chasing stablecoins like they actually mean it.

These events have tanked Solana’s price, along with the self-esteem of everyone who told their family to buy at $190.

Doom and Gloom: Is Solana Headed for Couch Money?

Even with the mayhem, institutions are still eyeing Solana—presumably because they haven’t checked their portfolios since April. CoinShares wants an ETF. The market wants a sedative. Meanwhile, the fate of Solana is hanging on a memecoin vending machine that’s under investigation and “frozen”—which is what my heart would be if I had $10 on this thing.

If Pump.fun gets whacked, Solana’s market cap could tumble like a Jenga tower at a bachelor party. One domino falls, the rest follow, and there goes any hope of a SOL ETF. If owning crypto felt risky before, imagine walking a tightrope over a vat of pudding: slippery and absolutely nobody’s idea of a good time.

This week, SOL dropped 11%, with an intraday rollercoaster that probably gave more than one amateur trader their first gray hair. Price at $150.42, market cap at $79.42 billion, and an anxiety level best described as “can you pass the Pepto?” Should SOL slip below $144, the next stop is $120—unless of course, someone decides that memes are tomorrow’s blue chips. Stranger things have happened.

FAQs

Will the SOL price reach $350 by the end of 2025?

Truly, who knows? Some say SOL might hit $400 by then. Others say the moon is made of cheese. Place your bets.

How high can Solana go by the end of 2030?

Crystal ball says $1,351 is possible. If not, at least you’ll have fun watching the chaos (and maybe collecting some memes).

How much would the price of Solana be in 2040?

Rumors swirl about an $11,698 SOL. By then, money may be obsolete and we’ll be trading rare images of dogs in space helmets.

How much will the SOL price be in 2050?

Astoundingly optimistic projections toss out $72,459 per SOL. Either that, or dollars will have been replaced with “likes” and “retweets.” Plan accordingly. 😅

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2025-06-17 17:27