Pump.fun: Sells 47,994 SOL for $5.83M

Pump.fun sold another 47,994 $SOL worth $5.83 million two hours ago, pushing cumulative sales to 5,236,623 $SOL ($848 million) at an average price of $162 according to on-chain data from Lookonchain.

With SOL trading at $121.57 inside its Bollinger Bands, price tests upper resistance at $125.2 while the MACD death cross at 1.76 signals weakening momentum despite the bullish EMA50 support at $116.9 and EMA200 at $104.68; RSI at 55.78 keeps the structure neutral, suggesting a likely retracement to the 50-EMA before any continuation higher in the ongoing pump.fun revenue model and SOL distribution cycle.