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by: xpoolPosted on: February 26, 2025

Solana Under Pressure: Pumpfun’s Large Deposits Spark Selling

Pumpfun’s recent massive SOL deposits to Kraken have added selling pressure on Solana, impacting the market sentiment and short-term price movement. The coin has retraced to $138 after a brief surge above $150, with key support at $124 now in focus. A breakdown could trigger further losses, while a rebound might spark recovery.

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Cryptocurrency Market Analysis Solana

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