Solana’s price is surging past the $150 mark, fueled by a notable deposit from cryptocurrency platform Pumpfun and increasing optimism surrounding an upcoming spot Ethereum ETF. Pumpfun transferred over 100,000 SOL to Kraken, adding to its cumulative deposits that now reach almost $600 million. This follows a strong rally since early April 2025 when the price broke out of a long-term downtrend, driven by growing DeFi interest and increased institutional investor interest as well as projected ETF approval. This latest deposit coincides with renewed bullish sentiment on Solana’s prospects. While some selling activity was also observed on the chain, suggesting possible accumulation strategies, indicators suggest continued upward momentum.