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Pump.fun’s Massive SOL Deposits to Kraken Trigger Market Anxiety

Pump.fun’s Massive SOL Deposits to Kraken Trigger Market Anxiety

Published:
2025-04-27 08:36:53
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Pump.fun has recently deposited a significant amount of SOL tokens worth $18.26 million to Kraken, raising concerns about potential sell-offs. This move is part of a larger trend, with the platform having already transferred over $575 million in SOL to the exchange. The consistent deposits have sparked fears of increased sell pressure in the market.

Pump.fun Deposits $18M in SOL to Kraken, Sparking Sell-Off Concerns

Pump.fun has transferred 117,913 SOL tokens worth $18.26 million to Kraken in the past two hours, adding to a cumulative deposit of 3,097,265 SOL ($575 million) to the exchange. The memecoin platform has already sold 264,373 SOL for $41.64 million USDC at an average price of $158 per token.

Large-scale movements of digital assets to centralized exchanges often signal impending sell pressure. Pump.fun’s consistent deposits to Kraken suggest a strategic divestment, potentially dampening bullish momentum for SOL in the NEAR term.

Whale Moves $18.26M SOL to Kraken Sparks Market Speculation, Is Price Decline Coming?

A significant transaction in the Solana market has caught the attention of crypto participants. Pump.fun, an institutional whale, transferred 117,913 SOL ($18.26 million) to Kraken, raising speculation about a potential sale or portfolio rebalancing.

This whale has previously moved over 3 million SOL ($575 million) and sold 264,000 SOL for $41.6 million. Market observers are closely monitoring whether this signals a bearish turn for SOL or merely strategic repositioning.

|Square

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