Pumpfun: Deposits 122498 SOL to Kraken
Pumpfun sent 122498 SOL worth $10.077M to Kraken in eight hours, marking another exchange deposit after three weeks amid Solana fee revenue.
SourceAnalysis
Pumpfun transferred 122498 SOL valued at $10.077 million from nine fee-collection addresses to Kraken over the past eight hours, repeating a pattern seen three weeks earlier and pointing to potential liquidation of Solana ecosystem revenue.
Price action on the four-hour chart shows SOL at $79.03 pressing against the lower Bollinger Band support near $79.68 while the EMA50 at $79.28 caps upside and the EMA200 at $76.04 offers deeper structural support; the MACD death cross at 0.22 keeps the broader bias bearish even as RSI at 40.51 remains neutral, suggesting any bounce toward upper resistance at $82.51 will likely stall before retesting the 50-EMA confluence.
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