Pump.fun unloaded an additional 122,498 Solana, or about $10 million at current prices. Following this, SOL saw a whopping 3.6% decline. This sale brings the cumulative divestments of the Solana-based Memecoin launchpad to 4.656 million SOL, valued at $794.8 million at a blended average exit price of $170.7 per token.
The mechanics begin with Pump.fun converting protocol fee revenue, denominated in SOL, into stablecoins as a cash management practice. What makes it structurally significant is scale. With 4.656 million SOL sold, Pump.fun is the largest recurring seller in the Solana ecosystem, and each transaction lands on a marketplace already navigating contested technical terrain.
Pump fun (@Pumpfun) sold another $122,498 SOL ($10.08 million) today!
In total, SOL sold $4,656,826 ($794.8M) at an average price of $170.7. pic.twitter.com/2h8uBe4rB9
– Lookonchain (@lookonchain) July 8, 2026
Currently, the market’s odds of predicting SOL will hit $90 by the end of July have dropped to 38.5%, down from levels that seemed more achievable before this latest tranche hit order books.
Further reduction in this 38.5% probability depends on how the broader SOL structure holds up, and the technical picture is truly mixed at present.
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Can Solana price rally back to $90 before the July close?
SOL lost some momentum after last week’s rally, sliding to around $78. This decline dampened sentiment, but it did not erase the recent rally. Traders now face a familiar question: healthy breathing or something uglier?
Despite this, some technical signals remain constructive. Ali Martinez pointed out that the three-day SuperTrend indicator issued its first buy signal since October 2025. Meanwhile, Michaël van de Poppe continues to monitor the $75-$77 zone, arguing that it must hold if buyers want further upside.
SOL USD, Tradingview
This leaves SOL at an interesting crossroads. A rebound from support could bring $90 back into play, with $100 becoming the next target. On the other hand, if buyers remain silent, the price could continue to hover between the upper $70s and mid-$80s as Pump.Fun continues to fuel the market with new supply.
The disadvantages are easier to define than the advantages. A sharp move below $77 would weaken the current pattern and shift focus towards the low $50s. Nobody likes to talk about trapdoors until someone steps on them.
For now, $80 is the level everyone continues to check. Staying on top would give the bulls something to build on. Falling below this level would likely cause traders to remain cautious for some time to come.
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LiquidChain aims for early positioning as SOL tests structural support
SOL’s 38.5% probability of reaching $90 by July and a spot price that has traded below its own weekly open illustrate the ceiling problem facing large-cap altcoins at this point in the cycle.
Even the bullish scenario toward $100 involves only a 27% upside from current levels, compressed by an oversupply that Pump.fun’s cash operations make persistent. For those looking at risk-adjusted entry points, this math is important.
All eyes are on LiquidChain. 👁⟁ pic.twitter.com/GsuIe1xMnJ
– LiquidChain (@getliquidchain) July 7, 2026
LiquidChain is an L3 infrastructure project addressing a different set of problems: fragmented liquidity between Bitcoin, Ethereum, and Solana. Its architecture merges these three ecosystems into a single execution environment through what it calls a unified liquidity layer, enabling single-step cross-chain transactions and a single-deployment smart contract architecture accessible across all three networks.
The presale is currently priced at $0.01477with $890,000 noted to date. That said, for participants following cross-chain settlement infrastructure as a structural theme, current input data is available on the LiquidChain pre-sale page.
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Neil is a professional cryptocurrency content writer with years of experience. He has written for various cryptocurrency websites to report on the latest news and has been hired by all kinds of cryptocurrency projects, to create content that would increase their visibility and attract more potential investors.
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