Pump.fun Sells Another 47,994 SOL, Total Sales Reach 5.24M SOL

The scale is the story: a platform that became a fee machine is now a persistent, programmatic seller, and the $162 average across all disposals means much of that supply moved well above current levels. That matters less as a directional signal than as a structural one — steady conversions of fees into cash create recurring sell pressure that the market has to absorb, and the venue's own activity is now a visible part of its order flow. Whether the pace of disposal keeps matching the pace of fee generation is the open question worth tracking.