🚨🚨 #PumpFun 🚨$SOL 🚨🚨

🚨 Pump.fun is making moves again!

🚀 Just sent another 117,913 SOL (~$18.26M) to Kraken in the past 2 hours.

📦 In total, they’ve now moved 3.09M SOL (~$575M) to exchanges!

💸 They've already sold 264K SOL for about $41.6M, averaging $158 per SOL.

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📉 What's happening to the market?

SOL price dipped a bit after these big transfers — traders are nervous when whales move like this.

Despite the pressure, some analysts still think SOL has a shot at bouncing back, especially if we get good news like ETF approvals.

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👀 Other things to note:

Pump.fun’s revenue is WAY DOWN — from making ~12K SOL per day in Feb to barely 1K SOL daily now (that’s a 95% crash in fee revenue!).

So it kinda makes sense they might be cashing out some reserves.

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⚡ Bottom line:

Pump.fun's big moves are definitely something to watch. They’re sitting on serious bags, and every transfer stirs the market a little more.

Pump.fun’s moves are definitely one of the big reasons behind the recent SOL dip — but it’s not the only reason.

Here’s a quick breakdown:

When a whale (like Pump.fun) moves a huge amount of SOL to an exchange like Kraken, it usually signals they might sell.

Even if they haven't sold everything yet, just the fear of a sell-off makes traders nervous — they start selling before the whale does, to avoid getting dumped on.

This selling pressure causes the price to drop — it’s like a domino effect.

BUT —

Other factors are also weighing on Solana:

The overall crypto market has been shaky lately (Bitcoin dominance, ETF hype cooling off, macro uncertainty).

High leverage positions on SOL got liquidated too, speeding up the drop.

Pump.fun’s revenue crash shows that meme/token hype on Solana is slowing down, making SOL less attractive short term.