$22M SOL Dump Shocker: Is Pump.fun Cashing Out on Solana’s Big Rally?
Pump.fun moves $22M in SOL to Kraken amid Solana’s 47% surge. Is this a profit grab or a red flag?
A massive crypto transfer has raised eyebrows. On May 11, 2025, Pump.fun, a Solana-based platform for launching meme coins, sent 132,000 SOL—worth $22.88 million—to the Kraken exchange, according to on-chain data from EmberCN. This move comes as Solana (SOL) enjoys a 47% price surge over the past month, recently hitting $175 after a 20% weekly gain. But what’s behind this hefty transfer?
Why did Pump.fun move so much SOL? The platform collects fees in SOL for token creation and trades, often transferring them to exchanges like Kraken every one to two weeks to convert into other currencies. Over the past year, Pump.fun has sold 3.86 million SOL, totaling $702 million at an average price of $183 per SOL. This latest transfer aligns with that pattern, suggesting Pump.fun is cashing in on Solana’s rally. speculate this could signal a big sell-off, potentially pressuring SOL’s price.
What’s the impact? For new investors, this highlights the double-edged nature of crypto booms. Solana’s $4.84 billion ecosystem market cap reflects strong growth, but large transfers like this can spark volatility. If Pump.fun’s sales flood the market, SOL’s price might dip, affecting other tokens in its ecosystem, like Moo Deng, which recently spiked 160%. On the flip side, Pump.fun’s consistent revenue shows meme coins remain popular, despite 99% of its launched tokens failing, often due to scams.
What should you do? Keep an eye on Solana’s price and diversify your investments. Big moves like this can create opportunities but also risks—research thoroughly before jumping in.
Is Pump.fun’s transfer a warning sign? Share your thoughts below and follow trafy.io for more crypto updates!
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
