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Assessing impact of 20.5 million USD Pump.fun move on Solana’s price

Whale activity is significantly affecting the Solana market, creating volatility and speculation. The large transfer of 90,000 SOL worth 20.5 million USD reflects a trend that is impacting the price action as liquidation risks loom.

Solana’s stablecoin market reached an all-time high of 11.06 billion USD, driven primarily by USDC. This rapid growth indicates a robust demand for stablecoins and suggests increased user adoption of DeFi on Solana.

This is community-generated content, not advice from ONUS.
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