Pump.fun: Sends 64.67K SOL to Kraken
Onchain Lens reported that Pump.fun transferred roughly 64.67K SOL valued at $5.19M to Kraken for liquidation of community-extracted tokens as Solana traded at $75.
SourceAnalysis
Pump.fun moved 64.67K SOL worth $5.19M to Kraken for immediate sale, accelerating the token's slide to $75.53.
SOL sits in a bearish structure with the 50-EMA at $84.73 and 200-EMA at $96.84 acting as firm resistance overhead while the MACD death cross at -2.44 confirms trend continuation. Price is testing the lower Bollinger Band support at $75.7 with RSI at 25.77 flashing oversold conditions, yet the confluence of elevated moving averages and negative momentum suggests any bounce will likely stall before challenging the $86.85 upper band.
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