PumpFun Moves 54,113 SOL to Kraken – Is Solana’s Price at Risk?

PumpFun once again transferred a huge amount of Solana (SOL) to Kraken, triggering concerns over Solana’s price movement. In 2025, over 1.5 million SOLs will be moved, raising concern about its possible market price change. These large transactions increase selling pressure on Solana, affecting temporary price movement and long-term stability.

While Solana has shown flexibility, investors remain cautious. Some see these transactions as a sign of asset management, while others worry that they indicate possible risks for Solana market trends. The continued selloffs have left traders uncertain about whether Solana will break out or remain in consolidation.

PumpFun’s Large Solana Transfers and Market Impact

PumpFun has transferred 54,113 Solana coins worth $7.81 million to Kraken, marking it as the largest transfer in Kraken’s history. Earlier in January, 120,000 SOLs worth $22.88 million and 148,759 SOLs worth $28.22 million were transferred last month, and over 1.5 million SOLs ($293.26 million) were transferred this year. These common transactions strengthen Solana’s price consolidation, making it difficult for SOL to obtain upward momentum.

Large selloffs often create uncertainty, leading to stop-price movements. While some consider these movements strategic, others argue they signal declining confidence in Solana’s temporary price trend. Investors are watching carefully to see if Solana stabilizes or faces further declines.

PumpFun’s PumpSwap: A Move Toward Stability?

PumpFun has launched “PumpSwap”, a decentralized exchange (DEX) platform which focuses on reducing dependence on centralized systems like Kraken. This initiative is expected to enhance liquidity within the Solana ecosystem, offering a more decentralized approach to trading.

However, doubt remains. While PumpSwap appears to be a positive step, it doesn’t address concerns over large-scale SOL transfers. Some investors see it as a distraction from PumpFun’s ongoing selloffs, questioning whether it can restore certainty in Solana market trends or not.

Solana (SOL) Price Prediction: Future Trends and Market Outlook

Solana (SOL) is currently trading at $144.63, showing a 0.65% increase for the day. Over the last week, it has shown a gain of 15.35%,however, it has seen a 13.93% decline over the last month. This price movement indicates a slight upward trend, with Solana maintaining a balanced performance between market fluctuations.

Chart 1- SOL/USD Live Price, published on Tradingview, March 26, 2025. 

Despite recent dips, Solana continues to remain a strong coin in the crypto space, with a market capitalization of $73.93 billion and a trading volume of $3.45 billion on the last day. Currently solana has a circulating supply of 511.46 million coins and thus its long-term growth potential remains important in the blockchain ecosystem.

Solana’s Market Performance and Future Outlook

Despite Solana’s price consolidation, the cryptocurrency has remained relatively stable. After a 148,759 SOL transfer on February 13, Solana’s price dipped by 1.2% before recovering. Analysts remain divided on whether or not the market will continue consolidating or break out.

Some predictions suggest continued consolidation, whilst others see the potential for a surge. VanEck forecasts SOL should reach $520 if market conditions support it. However, ongoing massive transfers could act as a headwind, preventing upward momentum.

Will Solana Overcome Market Uncertainty?

PumpFun’s 54,113 Solana transfer to Kraken raises further concerns over Solana price consolidation. While Solana remains stable, ongoing large transactions add uncertainty. PumpSwap offers potential benefits; however, doubts remain.

With mixed market opinions and uncertainty regarding Solana’s forecast, traders are closely monitoring its subsequent moves. Whether Solana rebounds or continues consolidating will depend on future market trends and investor confidence.

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