PUMP Token Launch Puts Pressure on Solana—Analysts Weigh Capital Rotation Risk

Solana’s price faced downward pressure this week following the announcement of a token launch by Pump. fun, the meme coin launchpad dominating the network’s token creation. As excitement builds around the new PUMP token, market watchers point to capital rotation and short-term volatility for SOL. At the same time, some analysts warn the launch may be an opportunistic cash grab source: https://beincrypto.com/pump-fun-token-launch-effects-on-sol/