Solana’s Pump Fun Moves 120,000 SOL To Kraken, Selloff Incoming?

Quick Summary:

Intel from blockchain analytics platform Arkham Intelligence shows that Solana-based memecoin launchpad Pump Fun recently moved a massive amount of SOL to the Kraken cryptocurrency exchange.

The sudden transfer, which is the first in 2025, has raised questions about whether a potential selloff is incoming.

Due to the current price drop, the transferred funds is equivalent to approximately $22.7 million.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: India

Topics: Solana Pump.fun 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 19:14:22 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24809249

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