Pump.fun has recently deposited 132,000 SOL, valued at approximately 22.88 million USD, to Kraken. This adds to over 700 million USD in SOL deposits over the past year, raising concerns about future selling pressures on SOL.
The memecoin sector has been experiencing growth, with an average price increase of 82.43%. Despite some skepticism regarding sustainability, investors are showing renewed interest in memecoins amid changes in the market.
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