Memecoin Launchpad Pumpfun again transferred a large amount of Solana (SOL) to Kraken. According to the data from the Onchain lens, a total of 54,113 Sol was transferred about $ 7.81 million to the trading platform.
The large Solana transfer continues in Pumpfun
It should be noted that this transaction is part of a pattern in which the launch platform has unloaded 1,573313 so this year alone. On January 2, Coingepe mentioned this Launchpad moved 120,000 sol At a value of about $ 22.88 million for kakin.
Two hours ago, pumpfun (pumpdotfun54,113 deposited $ Sol $ 7.81 million, to #kraken.
In 2025, they sent a total of 1573313 $ Sol At a value of $ 293.26 million.
In general, they got 3,232,101 $ Sol Currently, at a value of $ 469.1 million. pic.twitter.com/ymhtxrkf4z
Onchain (onchainals) lens March 25, 2025
In addition, last month, it has transferred 148,759 until $ 28.22 million, adding to the continuous direction. According to ONSAIN lens data, more than 1.5 million Sol moved this year, at a value of $ 293.26 million. These repeated transactions often put Solana under intense sale pressure.
Despite the initial expectations of whether Pumpfun sells its hideout in Solana, some still argue that the platform may have another reason to transport coins. This last conversion comes with a possible debate about whether it could hinder the moderate monotheism chosen by Solana Price earlier in the week.
Pumefun and Optswap Move
In an attempt to fix the reputation of the ecosystem, Pumpfun I launched Pumpswap. This new platform is a disgraceful DEX exchange designed to grant merchants and investors using the Launchpad platform is a more direct and efficient way to exchange coins.
According to the update, the statute intends to use the newly launched product to reduce dependence on central exchanges such as Kraken. However, he hopes to improve liquidity within the Solana ecosystem.
Although Pumpswap shows itself as a positive step, it is still unclear whether he can restore full confidence in PumpFun activities, especially as large SOL transfers continue. Some investors see it as an attempt to convert the focus away from constant sale and other ethical concerns.
Solana prices expectations amid increasing unification
Despite the frequent Pumpfun transactions, the Solana price remained relatively stable. After the transfer of February 13 from 148,759 Sol, Coingape mentioned this Sol price decreased by 1.2 % Before recovery.
Moreover, many analysts have mixed opinions on whether the market will continue to unite it or if Solana will record the outbreak soon.
Some stakeholders, such as Vaneck, believe that the currency rises to $ 520 in the long term that the market conditions are favorable. However, widely frequently frequent transfers such as PumpFun can be a counter -winding wind.
As of this post, Coinmarketca data shows that the price of Sol was trading at $ 143.99, an increase of 1.60 % in the past 24 hours.
Godfrey Benjamin
Benjamin Jodfrey is a blockchain lover and journalists who enjoy writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desires to educate people about encrypted currencies inspire his contributions to the media and the famous Blockchain sites. Benjamin Jodfrey is a fan of sports and agriculture. Follow it xand LinkedIn
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