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Solana's Pump Fun Moves 120,000 SOL To Kraken, Selloff Incoming?

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Summary
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70% Informative

Solana -based memecoin launchpad Pump Fun recently moved a massive amount of SOL to the Kraken cryptocurrency exchange.

The sudden transfer, which is the first in 2025 , has raised questions about whether a potential selloff is incoming.

SOL is currently trading at $ 190.08 , corresponding with a 2.94% drop in the past 24 hours .

Despite the strong claims around selloffs, the reason for the transfer remains unknown.