Investment
Features
FeesSafety
Academy
More
Pluang+

Pump.fun transfers $5.83M in SOL to Kraken, continuing $848M cumulative sales since launch.

Market News
27 Sep 2026
Crypto news
View Source
Neutral
Pump.fun transfers $5.83M in SOL to Kraken, continuing $848M cumulative sales since launch.

Pump.fun moved 47,994 SOL worth about $5.83 million to Kraken, marking ongoing large transfers to the exchange. Since its inception, Pump.fun has sold over 5.23 million SOL tokens valued at $848 million, according to Lookonchain data. Despite these significant transfers, Solana's price remained stable above $120, showing no sharp market impact. Meanwhile, Pump.fun continues its PUMP token buyback and burn program, spending hundreds of millions of dollars to reduce token supply, signaling ongoing treasury management alongside SOL sales.

Solana (SOL) trades at Rp2.224.416 on Pluang, showing a 3.02% gain in the last day as of Sep 27, 2026 15:02 WIB. Despite the large $5.83 million transfer of SOL to Kraken reported by Pump.fun, the token's price on Pluang remains strong with a market cap of Rp1.277,52 trillion and active trading volume of Rp44,47 trillion. Pluang users currently favor buying SOL with 62% of order activity, holding their tokens for an average of 70 days, indicating steady investor confidence alongside ongoing large transfers and token management by Pump.fun.

More News (SOL)

Ethereum, Solana, and Zcash show mixed growth forecasts with cautious bets for 2026 targets.

Ethereum, Solana, and Zcash show mixed growth forecasts with cautious bets for 2026 targets.

Predictive markets indicate Ethereum has about a 70% chance to reach $3000 before 2027, with lower probabilities for higher targets. Solana is expected to rise to around $140, but chances diminish for prices above that. Zcash forecasts are the most v...

Market News
Bullish
4 hours ago
Whale's 550,000 SOL position nets $22.43M profit as Solana price jumps above $120

Whale's 550,000 SOL position nets $22.43M profit as Solana price jumps above $120

A large investor holding 550,000 Solana (SOL) tokens has gained $22.43 million in floating profit after the price of SOL rose from around $70 to above $120. The position was opened in early August at about $80.80 per SOL and has been held for about o...

Market News
Bullish
9 hours ago
Pump.fun sells $6M in SOL, total liquidations near $850M amid steady treasury conversions

Pump.fun sells $6M in SOL, total liquidations near $850M amid steady treasury conversions

Pump.fun, a Solana memecoin launchpad, sold 47,994 SOL for about $5.83 million, pushing its total SOL liquidations above $848 million since early 2024. The platform generates revenue through 1% fees on token launches and trades, converting much of it...

Market News
Bearish
11 hours ago
Pump.fun sells 47,994 Solana tokens worth $5.83M, totaling $848M in SOL sales.

Pump.fun sells 47,994 Solana tokens worth $5.83M, totaling $848M in SOL sales.

Pump.fun recently sold 47,994 Solana (SOL) tokens valued at about $5.83 million, adding to its large cumulative sales. The platform has now sold a total of 5,236,623 SOL tokens, with an estimated combined value of approximately $848 million. The aver...

Market News
Neutral
11 hours ago
Solana price hits $121, up 8.6% in a week, driven by US spot ETF inflows and strong staking yields.

Solana price hits $121, up 8.6% in a week, driven by US spot ETF inflows and strong staking yields.

Solana's price rose to $121 on September 26, 2026, marking an 8.6% weekly gain, fueled by over $360 million inflows into US spot ETFs. Nearly 69% of Solana's supply is staked, offering a gross yield of 5.27%, though net yields vary after fees and ris...

Market News
Bullish
14 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App