Recently, pump.fun’s fee income account continued its SOL sales, transferring 90,000 SOL (valued at $14.97 million) to Kraken just five hours ago.
To date, pump.fun has collected around 1.092 million SOL (approximately $182.45 million) in transaction fees, out of which roughly 709,000 SOL ($111.93 million) were sold at an average rate of $157.9 per token.
pump. fun 的手续费用收入账户继续出售 SOL：5 小时前将 9 万枚 SOL ($14.97M) 转进 Kraken。
pump. fun 到目前为止总共获得了 109.2 万 SOL ($182.45M) 的手续费收入。这其中有约 70.9 万枚 SOL ($111.93M) 以 $157.9 的均价陆续出售了。https://t.co/pHW99W4KXm
本文由 #Bitget｜@Bitget_zh 赞助 pic.twitter.com/fuLjM4pKgM
— 余烬 (@EmberCN) November 2, 2024
Meanwhile, a significant SOL holder, or whale, executed a 90,000 SOL sale at $165 per token within the last 15 hours, earning around 14.87 million USDC. This comes after redeeming 143,700 SOL from a staking pledge the previous day.
Out of these, the whale directly sold 60,000 SOL on-chain for 9.929 million USDC, while 30,000 SOL were offloaded via Wintermute OTC for 4.94 million USDC, resulting in an average price of $165 per token.
一个 SOL 鲸鱼在过去的 15 个小时里以 $165 的价格出售了 9 万枚换成 1487 万 USDC。
他是在 1 天前从质押赎回 14.37 万枚 SOL，然后将其中 6 万枚直接在链上卖出换成 992.9 万 USDC；3 万枚通过 Wintermute OTC 卖出换成 494 万 USDC，平均售价 $165。https://t.co/iAQ4cnE58X
本文由… pic.twitter.com/Rd8JgRPwiQ
— 余烬 (@EmberCN) November 2, 2024
Amidst these sizable sales, Solana’s broader ecosystem has demonstrated resilience and growth. In Q3 2024, 29 Solana-based projects secured funding rounds totaling $173 million—the highest quarterly funding level since Q2 2022.
🚨REPORT: Around 29 projects on @Solana announced funding rounds, raising $173M—the highest quarterly funding since Q2 '22.
– State of Solana Q3 2024 pic.twitter.com/XQuSo0xMgw
— SolanaFloor (@SolanaFloor) November 1, 2024
Defi On Solana Records Massive Increase In TVL
DeFi on Solana saw substantial expansion this quarter, with Total Value Locked (TVL) reaching $5.7 billion, a 26% increase that pushed Solana ahead of Tron. Kamino led with $1.5 billion in TVL, while stablecoins surged by 23% to $3.8 billion, fueled partly by PayPal’s PYUSD. Decentralized Exchange (DEX) trading also rebounded, with Raydium capturing 51% of the market share.
Solana's DeFi TVL hit $5.7B in Q3 2024, up 26%, surpassing Tron. Kamino led with $1.5B TVL. Stablecoins grew 23% to $3.8B, boosted by PayPal's PYUSD. DEX trading rebounded, with Raydium at 51% market share. 🚀💰 #Solana #DeFi #Cryptohttps://t.co/sBIQQcxijD
— TWJ News (@TronWeekly) November 2, 2024
As Solana’s DeFi sector expands and projects gain momentum, investor interest appears to hold steady despite whale activity, underscoring a strong quarter for the Solana ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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