- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Zhu Su: Pump.fun's TGE further boosted the demand and price of SOL
BlockBeats News, July 17th: Zhu Su, Founder of Three Arrows Capital, shared his market views, stating that the "Pump.fun TGE boosted SOL's surge," for the following reasons:
Pump.fun itself does not hold a large amount of SOL, so it does not create price pressure by selling SOL, eliminating the market's concerns about "selling pressure risk";
There is a misunderstanding in the market regarding Pump.fun selling SOL. Users typically buy SOL with USD, participate in Pump.fun transactions, and pay in SOL, after which the platform exchanges the SOL back to USD. This pattern is just a standard consumer business process and does not directly cause a SOL price drop;
Pump.fun's high income in the Solana ecosystem (such as achieving a $106 million monthly income in November) has attracted more market attention, highlighting Solana's potential as a high-performance blockchain. This has not only attracted more developers to build projects on Solana but may also lead to a reappraisal of SOL as an investment-grade consumption protocol;
After profiting from participating in Pump.fun's initial token offering, Solana ecosystem investors tend to reinvest funds into SOL, further driving up its demand and price.
You may also like
Who is the true winner of the "Tokenization" narrative?
Moss: The Era of AI-Traded by Anyone | Project Introduction
Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.
Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K
Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?
Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.
AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition
When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer
Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1
$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor
Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.
Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.
Is the Market Slump Still Making Millions a Day? Is pump.fun's Revenue Real?
Understanding x402 and MPP in One Article: The Two Paths of Agent Payments
Quick Look at the Latest 18 Graduation Projects from Alliance: Who's the Next Pump.fun?
It's not just the prediction market that profits from the Iraq War
Who is the true winner of the "Tokenization" narrative?
Moss: The Era of AI-Traded by Anyone | Project Introduction
Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.
App