Pumpfun Moves $15M SOL to Kraken, Fueling Solana’s Bullish Trends

Crypto exchange, Kraken, received a significant influx of 105,233 SOL tokens worth approximately $15.86 million from cryptocurrency trading platform Pumpfun on March 27, 2025. This move by Pumpfun signals their confidence in the current positive market trends for Solana (SOL). The transfer comes as Solana is experiencing a significant rally, breaking past its key resistance level at $150. The potential impact of this transaction on SOL’s momentum and liquidity has prompted speculation about future price movements.