PumpFun Sends $324M in SOL to Kraken as Solana Whale Wallets Surge Past 5,000

• Whale wallets holding over 10,000 SOL have sharply increased in April.
• Solana’s price may break resistance if accumulation and volume persist.

PumpFun has moved millions in SOL to Kraken, fueling discussions of liquidity and market movements. The latest deposit totals $13.34 million in SOL. Whale accumulation of Solana is also rising, coinciding with a price recovery. Analysts are watching closely as technical indicators suggest a possible breakout.

PumpFun Pushes Over $324 Million in SOL to Kraken in 2025

Arkham’s latest data shows that PumpFun transferred 95,934 SOL to Kraken, worth around $13.34 million. This is the most recent transaction in an ongoing series of large deposits. Since the start of 2025, PumpFun has transferred 1,818,889 SOL to Kraken. These transfers total an estimated value of $324.06 million.

Source: Arkham

Arkham data shows that the entity has consistently sent large volumes of SOL to the exchange. The latest transaction reinforces PumpFun’s position as a major player in the Solana ecosystem. Traders and analysts say such large movements can affect market liquidity and trading behavior.

Whale Wallets Grow as Solana Climbs Above $130

Glassnode reports an increase in Solana wallets holding over 10,000 SOL. As of April 18, 2025, there are 5,019 such addresses, up from 4,943 on April 11. The change reflects a growing trend of accumulation among large holders.

Source: Glassnode

This rise in whale activity aligns with a price jump. SOL rose from $121.44 on April 11 to $134.02 on April 18. Accumulation patterns often signal investor confidence ahead of price gains. Glassnode charts show key dates like April 15 and 18 as intense periods of wallet growth.

Solana Price Tests Resistance, Eyes $150-$160 Target

Solana has maintained upward momentum recently, trading above $120 and showing strength near resistance. Current market data places SOL at $136.34, slightly down by 0.38% over the last 24 hours.

Source: TradingView

Technical indicators suggest a bullish setup. Analysts highlight key support at $110 and $120. Resistance remains firm around $130, a level SOL has been testing in April. If this resistance breaks, SOL could target the $150 to $160 range.

Trading volume in April has also increased, supporting the breakout potential. A clear move above $130 may confirm bullish continuation. Traders should closely watch volume and price interaction as the following steps unfold.

With rising exchange deposits and whale accumulation, market sentiment around Solana appears active. Observers will monitor PumpFun’s future moves and whale wallet growth as price action unfolds into Q2 2025.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.