Significant SOL Transfer to Kraken May Indicate Reduced Future Sales

12/10/2024 1:22:41 AM

According to EmberCN, the entity known as pump.fun has recently transferred 109,587 SOL, valued at $24.36 million, to Kraken. This suggests that the volume or frequency of SOL sales by pump.fun might decrease in the near future. The reasons include that most of their SOL holdings have been sold over the past few months, leaving only about 100,000 JITOSOL valued at $25.85 million. Additionally, the enthusiasm for trading meme coins on the Solana blockchain has diminished. (Source)

Solana SOL Kraken Pump.Fun JITOSOL

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