在过去的几个小时中，Solana的市场（$ SOL）非常活跃

在过去的几个小时中，Solana（$ SOL）的市场一直非常活跃。各种交易平台报告了大量存款和加密货币的销售。

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.

在过去的几个小时中，Solana（$ SOL）的市场一直非常活跃。各种交易平台报告了大量存款和加密货币的销售。

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个神秘的商人，他乘@pumpdotfun（或pumpfun），似乎是从事大规模存款的业务。短暂停滞后，该交易员返回了Kraken，并带有另一个大量的$ SOL。

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

但是，Pumpfun并不是移动中唯一的鲸鱼。

A Closer Look at Pumpfun’s Moves

仔细观察Pumpfun的动作

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（售价932万美元）以来，只有20分钟的时间已经过去了20分钟。这只尚未透露自己的身份的私人鲸鱼的最新举动只是冰山一角。 Pumpfun已经将超过2,883,418美元的SOL宣传到Kraken中，这是一个令人难以置信的现金，价值约5.43亿美元，平均价格约为189美元。

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

Pumpfun（@PumpDotFun）在20分钟前再次存入84,358美元的SOL（932万美元）。

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

到目前为止，#PumpFun已将2,883,418美元的SOL（5.435亿美元）存入#Kraken，价格为$ 189，并以4164万美元的价格出售了264,373美元的SOL，价格为$ 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在交易活动中无与伦比。鲸鱼与大量的存款结合在一起，分别卸载了其持股的部分。到目前为止，其中最值得注意的是4164万美元的销售价格为264,373美元，这是以158美元的平均价格执行的。这种存款和销售的组合表明，Pumpfun从事一些不太明显的市场制定。

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.

市场观察员正在密切关注Pumpfun的下一步行动。交易的规模很大。 Kraken信号的存款表明，Pumpfun可能正在为另一个大型销售，甚至可能是几次大型销售，甚至是一个投资公司的时刻，具体取决于似乎是一个更为阴暗的更广泛的策略。值得注意的是，存款表明曾经是“购买浸入”策略的销售时刻逐渐更大。

Another Whale Sells $10.7M in $SOL

另一只鲸鱼出售1,070万美元的$ 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.

在越来越戏剧性的发展中，另一个鲸鱼持有惊人的132万美元的溶胶，以当前价格为1.92亿美元，最近也活跃在市场上。但是，这鲸还有其他计划。仅仅30分钟前，它就卖出了100,000美元的SOL，价值约10070万美元。这项大规模销售引起了人们的关注，不仅是因为鲸鱼的规模及其持股规模，而且还因为它对$ sol的未来价格可能意味着什么。

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.

使这笔销售特别值得注意的是围绕鲸鱼先前行动的背景。大约15天前，鲸鱼总共有132万美元的SOL，这一举动引起了当时的眉毛。此后，鲸鱼将120万美元的SOL存入Kamino，这是一种分散的流动性协议，并在此过程中借了2000万美元。这表明鲸鱼可能一直在寻求利用其$ SOL控股，也许是出于流动性目的或涵盖其他职位。鉴于销售的时间安排，鲸鱼现在有可能剥离一些$溶胶来支付借来的资金或管理风险。

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

一条鲸鱼持有132万美元的SOL（1.92亿美元）30分钟前刚售出了100,000美元的SOL（1,070万美元）。

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

15天前，将鲸鱼未固定的132万美元溶胶存放在#Kamino中，并借了2000万美元。

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

他可能卖出$ sol来支付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

尽管很难确定鲸鱼的大动作背后的确切动机，但这些大型交易经常表明要管理风险或以主要价格抢夺某些价值的动力。鲸鱼选择100,00