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Ethereum Price Surge and Pump.fun’s Massive SOL Transfers to Kraken Signal Market Momentum

Ethereum Price Surge and Pump.fun’s Massive SOL Transfers to Kraken Signal Market Momentum

Published:
2025-04-22 10:54:53
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Ethereum’s price shows bullish momentum as it breaks key resistance levels, while Pump.fun’s significant SOL transfers to Kraken highlight ongoing activity in the crypto market. Here’s a detailed look at these developments as of April 22, 2025.

Ethereum Price Eyes Upside Break

Ethereum price started an increase from the $1,550 zone and broke above the $1,580 and $1,600 levels. It is now trading above $1,600 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,650 resistance zone.

Pump.fun Sends $13.3M SOL to Kraken, Total Transfers Near $557M

Pump.fun has transferred 95,934 SOL worth $13.33 million to Kraken. The meme token platform has strategically moved nearly $557 million worth of SOL to the exchange, totaling 2,979,352 SOL. SOL was deposited when its price averaged $187 per token. Pump.fun also sold 264,373 SOL tokens for $41.64 million USDC, maintaining an average trading price of $158 despite market volatility.

|Square

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