Zhu Su: SOL price and demand were further pushed up by pump.fun’s TGE

By: odaily.com|2025/07/16 17:01:36
Share
copy

Odaily News Zhu Su, founder of Three Arrows Capital, posted on the X platform that “Pump.fun’s TGE has driven up the price of SOL” for the following reasons:
1. Pump.fun itself does not hold a large amount of SOL, so it will not cause price pressure by selling SOL;
2. It is a wrong frame of mind to think that pump.fun will sell SOL. Users usually buy SOL with US dollars, participate in transactions on Pump.fun and pay SOL fees, and the platform then converts SOL back to US dollars. This model is just a regular consumer business process;
3. Pump.fun’s revenue generation in the Solana ecosystem has attracted more market attention, which may drive the revaluation of SOL as an investment-grade consumer protocol;
4. Solana ecosystem investors who participated in the pump.fun initial token offering tend to reinvest their funds into SOL after making a profit.

You may also like

Key Market Intelligence on December 30th, how much did you miss out on?

1. On-chain Volume: $31.6M inflow to Base this week; $57.8M outflow from Arbitrum 2. Biggest Gainers and Losers: $BETA, $LGCT 3. Top News: LIT rebounds 18% in the past hour, with Polymarket predicting a 52% probability of its "first-day market cap exceeding $30 billion"

Matrixdock 2025: The Practical Path to Sovereign-Grade RWA of Gold Tokenization

Gold Tokenization is becoming one of the first asset types to undergo a reality check in this transformation.

$50 to $1 Million: How to Survive in the Meme Battlefield with 'Wallet Tracking'

My reliance is not on the luck of a single transaction skyrocketing, but on consistently capturing replicable market patterns.

Paradigm's Tempo Project Launches Testnet, Is It Worth Checking Out?

The current testnet already supports basic EVM functionality and has launched features such as payment channels, stablecoin gas mechanism, and decentralized exchange components.

When Everyone Uses AI Trading, Where Does Cryptocurrency Alpha Go in 2026?

In 2025, AI trading has become the default, but Alpha hasn’t disappeared — it’s been eroded by crowding, as similar data, models, and strategies cause traders to act in sync and lose their edge.
Real Alpha has shifted to harder-to-copy layers like behavioral and on-chain data, execution quality, risk management, and human judgment in extreme markets, where acting differently — or not acting at all—matters more than better predictions.

Without Narrative Power, Web3 Will Not Tap into the Vastness

In the Web3 space, the importance of storytelling far surpasses any other industry.

Popular coins

Latest Crypto News

Read more