SOL Price Analysis: Solana Stalls at $165 During Pump.Fun $5.6B Launch
The post SOL Price Analysis: Solana Stalls at $165 During Pump.Fun $5.6B Launch appeared on BitcoinEthereumNews.com.
Key Notes SOL returned only 9.2% weekly gains while major altcoins posted double-digit breakouts, highlighting significant underperformance during the market rally. The Pump.Fun ICO raised $500 million but caused exchange failures on Kraken and Bybit, potentially diverting liquidity away from Solana itself. Technical analysis shows SOL remains capped below $165 resistance, with bulls targeting $179 if they can reclaim this key level on strong volume. Solana SOL $164.1 24h volatility: 0.6% Market cap: $88.00 B Vol. 24h: $14.43 B price traded sideways near $163 on Monday, July 14, stalling below the $165 resistance despite positive sentiment within the broader altcoin markets. While Bitcoin BTC $120 047 24h volatility: 0.9% Market cap: $2.39 T Vol. 24h: $67.78 B hit new all-time highs and triggered double-digit breakouts across altcoins like Ethereum ETH $3 008 24h volatility: 0.3% Market cap: $363.10 B Vol. 24h: $40.12 B , Ripple XRP $2.95 24h volatility: 3.1% Market cap: $174.47 B Vol. 24h: $10.83 B , and Sui SUI $3.85 24h volatility: 9.6% Market cap: $13.29 B Vol. 24h: $1.00 B , with each climbing past $3,000, $3, and $4 respectively, Solana has returned just 9.2% over the past week. Notably, this underperformance comes even as sentiment surrounding the Solana ecosystem remains positive. The slowdown in SOL price momentum coincided with the high-profile token launch of Pump.Fun, a memecoin generator platform built on Solana. After raising $500 million during its weekend ICO across major CEXs, PUMP went live for trading on July 14 with a $5.6 billion fully diluted valuation, opening at $0.0056 and briefly peaking at $0.0065. $PUMP trading is now live! thank you to all who participated in the $PUMP public sale. it’s time to build the future of crypto and social media on Solana. we couldn’t be more excited for what’s to come! pic.twitter.com/6p7qdXLb1t…
Filed under: News - @ July 15, 2025 12:24 am