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June 11, 2025

Pump.fun Triggers Concern with $20 Million SOL Selloff to Kraken

Pump.fun, a notable platform within the Solana ecosystem, has made headlines again with a substantial selloff. The platform transferred over 132,000 SOL tokens to the crypto exchange Kraken, a move valued at nearly $20.9 million. This recent action follows a similar selloff that occurred two weeks prior. Traders and investors are expressing concern regarding the potential impact of this sale on Solana’s breakout momentum. The Solana community is closely monitoring these developments as they could significantly influence market sentiment and price movements. Ongoing concerns about liquidity continue to surface amid this selloff.

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