The memecoin launchpad Pump.enjoyable has once more withdrawn a considerable amount of Solana (SOL) to Kraken. In accordance with the information obtained from Onchain Lens, 54,113 SOL price roughly $7.81 million have been transferred to the alternate.
It’s not the primary time that such a big switch was recorded this yr: Pump.enjoyable offered greater than 1.5 million SOL for $293.26 million in 2025 alone. The launchpad had earlier offered 120,000 SOL in January and 148,759 SOL within the final month, which raised questions in regards to the promoting stress on Solana.
Nevertheless, others consider that Pump.enjoyable may need different motives for its fixed transactions within the cash. The launchpad has additionally launched a DEX often known as PumpSwap to extend the extent of liquidity and to reduce the usage of centralized platforms similar to Kraken.
Whereas the transfer might assist strengthen the corporate’s ecosystem, it’s nonetheless unsure whether or not it may possibly increase investor confidence. The transfers haven’t affected Solana’s value considerably because it has remained kind of stagnant. After the February transaction, SOL declined by 1.2% however then began to rise once more.
There are completely different opinions concerning Solana amongst analysts, a few of which anticipate it to achieve $520 in the long run. In the intervening time, SOL is at $141.74, which is 2.34% larger than the worth it was a day in the past.
Additionally Learn: Fidelity Files For Spot Solana ETF with Cboe; SOL Price Pumps to $146
