Pump.fun revenue is worrying when it comes to the future price of solana.

[RICHCELDOM]

Pump.fun is a highly efficient money hoover that is sucking out liquidty from solana.

Pump.fun has sold many millions of dollars worth of Sol since the platform has been created.

This sustained selling pressure can weaken solana's price potential.

Also it's worth mentioning that they have theoretically unlimited amount of supply they can accumulate over time (since their revenue generated 24/7 in SOL) so the selling pressure will never go away.

 

[RICHCELDOM]

if pump didn't exit sol would be 300+ now imo.

 

[Anchor_Ship]

 

[fluoride1337]

Pump.fun is a highly efficient money hoover that is sucking out liquidty from solana.

Pump.fun has sold many millions of dollars worth of Sol since the platform has been created.

This sustained selling pressure can weaken solana's price potential.

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Also it's worth mentioning that they have theoretically unlimited amount of supply they can accumulate over time (since their revenue generated 24/7 in SOL) so the selling pressure will never go away.

Is sol even worth longing? Always assumed it would just be used for memecoins for a few years until the SEC eventually cucks it

 

[RICHCELDOM]

Is sol even worth longing? Always assumed it would just be used for memecoins for a few years until the SEC eventually cucks it

its good tech even though its primary use is memecoins.
i think it will do another 2-3x max in alt szn as its already pretty high up in the crypto rankings in thems of the marketcap.
Memecoins are a stong meta and a indicator of market matuirty so solana will help lead this meta but its really self limiting from the pump.fun revenue sucking out liquidity.