Solana Meme Coin Platform Pump.fun Shifts $16M SOL to Kraken Amid Profit-Taking Trend

Pump.fun, a leading meme coin launchpad on the Solana blockchain, has transferred 105,233 SOL (worth approximately $15.8 million) to Kraken, marking another significant move in a series of large-scale deposits. This latest transaction brings the platform’s cumulative SOL transfers to the exchange to over 3.2 million SOL, valued at roughly $591 million at current prices. The recurring profit-taking by Pump.fun has sparked discussions within the crypto community, highlighting the dynamic activity surrounding Solana-based meme coins and their impact on the broader market.

Pump.fun Transfers $16M SOL to Kraken Amid Solana Meme Coin Activity

Pump.fun, a prominent meme coin launchpad on Solana, has moved 105,233 SOL (worth approximately $15.8 million) to Kraken. This transaction marks the latest in a series of sizable transfers, bringing the platform’s cumulative deposits to the exchange to over 3.2 million SOL—valued at roughly $591 million at current prices.

The recurring profit-taking by Pump.fun has ignited discussions within the crypto community. Concerns center on potential downward pressure on SOL’s price and broader implications for ecosystem stability. Solana’s recent meme coin resurgence adds context to the platform’s liquidity movements.

Whale Moves $51M to Kraken: Is Solana Gearing Up for a Surge?

Solana hovers NEAR $147 with muted volatility, eking out a 0.25% weekly gain as trading volume contracts by 42%. The blockchain token’s technical posture remains bullish despite stagnant price action, with its RSI at 60.62 signaling moderate upside momentum.

A whale’s $51 million SOL transfer to Kraken has injected uncertainty into the market, potentially foreshadowing increased volatility. Analysts note Solana’s consolidation above key moving averages suggests accumulation before a potential breakout attempt above the $147 resistance level.

Solana Price Prediction: Ichimoku Cloud Breakout Signals Bullish Momentum Toward $160

Solana’s price action is consolidating below the $160 resistance level following a steady recovery from April’s downturn. A decisive breakout above the Ichimoku Cloud and sustained trading above $150 suggest growing bullish momentum.

On-chain data reveals significant whale activity, with a single entity staking 194,000 SOL ($28.7 million). This substantial commitment from large holders underscores institutional confidence in Solana’s fundamentals.

Solana’s Price Struggles, But $170 Break May Spark $900 Move

Solana hovers near $145, unable to breach the 100-day moving average resistance at $154. market fatigue is evident as bearish momentum dominates, with the MACD indicator flashing warning signs. Analysts pinpoint $170 as a critical breakout level—a decisive close above could trigger rallies toward $350 and eventually $900.

The asset’s 67% drop mirrors its 2021 correction pattern, suggesting a potential rebound cycle. Trading volumes and investor participation have dwindled, reflecting diminished confidence amid broader market headwinds. Solana’s struggle to regain lost ground underscores the delicate balance between technical thresholds and speculative sentiment.