According to online reports, Zhu Su, founder of Three Arrow Capital, expressed a market view that "TGE at Pump.fun has boosted the rise of SOL" for the following reasons: Pump.fun itself does not hold a large amount of SOL, so it will not cause price pressure by selling SOL, eliminating the market's concerns about "selling risk"; the market has a misunderstanding about Pump.fun selling SOL. Users usually buy SOL in US dollars, participate in Pump.fun transactions and pay SOL fees, and the platform then converts SOL back to US dollars. This model is just a regular consumer business process and will not directly lead to a decline in SOL prices; Pump.fun's high revenue in the Solana ecosystem (such as $106 million in monthly revenue in November) has attracted more market attention, highlighting Solana's potential as a high-performance blockchain. This will not only attract more developers to build projects on Solana, but may also drive the revaluation of SOL as an investment-grade consumer agreement; Solana eco-investors participating in the initial token offering at Pump.fun tend to put their money back into SOL after making a profit, further driving up its demand and prices.