PumpFun Has Transferred 95,934 SOL, Worth Approximately $13.34 Million, to Kraken

This move marks a continued trend of significant activity surrounding Solana (SOL), reflecting growing investor interest.

PumpFun, a crypto entity known for substantial transactions, has transferred 95,934 SOL, valued at approximately $13.34 million, to Kraken, a leading cryptocurrency exchange.

This recent deposit adds to a growing list of whale activities, as reported by blockchain data provider Lookonchain. So far, in 2025, the total SOL moved to Kraken by PumpFun alone exceeds 1.8 million, highlighting a considerable volume of transactions.

Solana’s price has shown notable strength, especially in light of recent whale movements, which tend to indicate investor confidence. As the cryptocurrency consolidates its price following recent bullish trends, this development raises questions about the potential direction of the token.

Solana’s price has recently cleared significant resistance levels, with many analysts suggesting the cryptocurrency is in a strong upward trend.

One crypto analyst, identified as Ted on X, previously pointed out that the SOL price is showing bullish signs similar to the Q4 of 2022.

According to another crypto analyst, if Solana price experiences a brief pullback, this could provide an attractive entry point for traders.

Key technical levels for SOL price include support at $125, immediate resistance at $135, and a breakout zone at $178. If SOL price breaches the $178 mark, further targets could include $199, $216, and $238, and some analysts suggest a rally to $2000.