CandleFocus Pump.fun Moves $14.97M in SOL: Impact on Solana’s Price?
2024-11-02
Author: Content Editor
Pump.fun, a crypto account, has transferred 90,000 Solana (SOL) tokens worth $14.97 million to Kraken. This sale has increased pump.fun's fee income account to over 1.092 million SOL ($182.45 million) solely from transaction fees. Out of the total SOL holdings, 709,000 SOL ($111.93 million) have already been sold at an average price of $157.9 per token. The account currently has a balance of $87.8 million and holds various other smaller tokens. While Solana's price has seen recent fluctuations, it remains the fifth-largest crypto asset with a market capitalization of $78.46 billion. The technical indicators suggest a positive trend for Solana, with the MACD pointing to a positive trend and the RSI indicating strength but not overbought levels. This news article is for informational purposes only and does not constitute financial advice.
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