在過去的幾個小時中，Solana的市場（$ SOL）非常活躍

在過去的幾個小時中，Solana（$ SOL）的市場一直非常活躍。各種交易平台報告了大量存款和加密貨幣的銷售。

The market for Solana ($SOL) has been very active in the last few hours. Large deposits and sales of the cryptocurrency have been reported by various trading platforms.

在過去的幾個小時中，Solana（$ SOL）的市場一直非常活躍。各種交易平台報告了大量存款和加密貨幣的銷售。

One of the most notable events concerned a mysterious trader who goes by the handle @pumpdotfun (or Pumpfun) and seems to be in the business of large-scale depositing. After a brief hiatus, this trader has returned to Kraken with another hefty deposit of $SOL.

最著名的事件之一是一個神秘的商人，他乘@pumpdotfun（或pumpfun），似乎是從事大規模存款的業務。短暫停滯後，該交易員返回了Kraken，並帶有另一個大量的$ SOL。

Pumpfun is not the only whale on the move, however.

但是，Pumpfun並不是移動中唯一的鯨魚。

A Closer Look at Pumpfun’s Moves

仔細觀察Pumpfun的動作

Only 20 minutes have passed since Pumpfun put another 84,358 $SOL—worth a stunning $9.32 million—into the Kraken exchange. This latest move from this private whale, who has yet to reveal his identity, is just the tip of the iceberg. Pumpfun has already sloshed over 2,883,418 $SOL into Kraken—an unbelievable amount of cash worth around $543 million at an average price of about $189 per token.

自Pumpfun再加上84,358美元的Sol（售價932萬美元）以來，只有20分鐘的時間已經過去了20分鐘。這只尚未透露自己的身份的私人鯨魚的最新舉動只是冰山一角。 Pumpfun已經將超過2,883,418美元的SOL宣傳到Kraken中，這是一個令人難以置信的現金，價值約5.43億美元，平均價格約為189美元。

Pumpfun(@pumpdotfun) deposited 84,358 $SOL($9.32M) to #Kraken again 20 mins ago.

Pumpfun（@PumpDotFun）在20分鐘前再次存入84,358美元的SOL（932萬美元）。

So far, #Pumpfun has deposited 2,883,418 $SOL($543.5M) to #Kraken at $189 and sold 264,373 $SOL for 41.64M $USDC at $158.https://t.cosqmZ8sG7I

到目前為止，#PumpFun已將2,883,418美元的SOL（5.435億美元）存入#Kraken，價格為$ 189，並以4164萬美元的價格出售了264,373美元的SOL，價格為$ 158.https：///ttps：//ttps：//t.cosqmz8sg7iiii $ $ usdc

— Lookonchain (@lookonchain) April 8, 2025

- lookonchain（@lookonchain）2025年4月8日

Pumpfun has been nothing short of strategic in its trading activity. In conjunction with the hefty deposits, the whale has partaken in offloading portions of its holdings. By far, the most notable of these has been a sale of 264,373 $SOL for 41.64 million USDC, which was executed at an average price of 158 $SOL. This combo of deposits and sales suggests that Pumpfun is engaged in some not-so-obvious market-making.

Pumpfun在交易活動中無與倫比。鯨魚與大量的存款結合在一起，分別卸載了其持股的部分。到目前為止，其中最值得注意的是4164萬美元的銷售價格為264,373美元，這是以158美元的平均價格執行的。這種存款和銷售的組合表明，Pumpfun從事一些不太明顯的市場製定。

Market observers are closely watching Pumpfun’s next move. The scale of the transactions is huge. The deposits into Kraken signal that Pumpfun may be getting ready for another big sale, or possibly several big sales, or even a take-profit moment, depending on what appears to be a rather murky broader strategy. Notably, the deposits signal a progressively larger sales moment of what was once a ‘buy the dip’ strategy.

市場觀察員正在密切關注Pumpfun的下一步行動。交易的規模很大。 Kraken信號的存款表明，Pumpfun可能正在為另一個大型銷售，甚至可能是幾次大型銷售，甚至是一個投資公司的時刻，具體取決於似乎是一個更為陰暗的更廣泛的策略。值得注意的是，存款表明曾經是“購買浸入”策略的銷售時刻逐漸更大。

Another Whale Sells $10.7M in $SOL

另一隻鯨魚出售1,070萬美元的$ SOL

In an increasingly dramatic development, another whale, this one holding a staggering 1.32 million $SOL—valued at approximately $192 million at current prices—has also been active recently on the market. This whale has other plans, though. Just 30 minutes ago, it sold off 100,000 $SOL, valued at around $10.7 million. This massive sale has drawn attention not just because of the whale’s size and the scale of its holdings but also for what it might mean for the future price of $SOL.

在越來越戲劇性的發展中，另一個鯨魚持有驚人的132萬美元的溶膠，以當前價格為1.92億美元，最近也活躍在市場上。但是，這鯨還有其他計劃。僅僅30分鐘前，它就賣出了100,000美元的SOL，價值約10070萬美元。這項大規模銷售引起了人們的關注，不僅是因為鯨魚的規模及其持股規模，而且還因為它對$ sol的未來價格可能意味著什麼。

What makes this sale especially noteworthy is the context surrounding the whale’s prior actions. Approximately 15 days ago, the whale unstaked a total of 1.32 million $SOL, a move that raised eyebrows at the time. Following this, the whale deposited 1.2 million $SOL into Kamino, a decentralized liquidity protocol, and borrowed $20 million in the process. This indicates that the whale may have been looking to leverage its $SOL holdings, perhaps for liquidity purposes or to cover other positions. Given the sale’s timing, it’s possible that the whale is now divesting itself of some $SOL to cover the borrowed funds or to manage risk.

使這筆銷售特別值得注意的是圍繞鯨魚先前行動的背景。大約15天前，鯨魚總共有132萬美元的SOL，這一舉動引起了當時的眉毛。此後，鯨魚將120萬美元的SOL存入Kamino，這是一種分散的流動性協議，並在此過程中藉了2000萬美元。這表明鯨魚可能一直在尋求利用其$ SOL控股，也許是出於流動性目的或涵蓋其他職位。鑑於銷售的時間安排，鯨魚現在有可能剝離一些$溶膠來支付借來的資金或管理風險。

A whale holding 1.32M $SOL($192M) just sold 100,000 $SOL($10.7M) 30 minutes ago.

一條鯨魚持有132萬美元的SOL（1.92億美元）30分鐘前剛售出了100,000美元的SOL（1,070萬美元）。

15 days ago, the whale unstaked 1.32M $SOL, deposited 1.2M $SOL into #Kamino, and borrowed 20M $USDC.

15天前，將鯨魚未固定的132萬美元溶膠存放在#Kamino中，並藉了2000萬美元。

He likely sold $SOL to cover the loan.https://t.co/2ucFr3IYiw pic.twitter.com/paOLh9dt4O

他可能賣出$ sol來支付loan.https：//t.co/2ucfr3iyiw pic.twitter.com/paolh9dt4o

— Lookonchain (@lookonchain) April 9, 2025

- lookonchain（@lookonchain）2025年4月9日

Although it is hard to pinpoint the exact motivations behind the whale’s big moves, these large trades frequently signal a drive to manage risk or to snag some value at major price points. The whale’s choice to part with 100,00

儘管很難確定鯨魚的大動作背後的確切動機，但這些大型交易經常表明要管理風險或以主要價格搶奪某些價值的動力。鯨魚選擇100,00