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Pump.fun moves $6.85M in Solana tokens to Kraken amid criticism and China scrutiny

Market News
06 Nov 2026, 18:01 WIB
Crypto news
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Bearish
Pump.fun moves $6.85M in Solana tokens to Kraken amid criticism and China scrutiny

Pump.fun transferred 76,111 SOL tokens worth about $6.85 million to Kraken after a 15-day pause, signaling renewed selling activity. Traders criticized Pump.fun's fee model and suggested Robinhood as a potential competitor, citing better user alignment and product improvements. Community members proposed changes to token launches, liquidity, and rewards to improve the platform. Meanwhile, Solana faces regulatory scrutiny in China over promotional activities in Shanghai, adding uncertainty to the token's outlook.

Solana trades at Rp1.627.664 on Pluang as of Nov 06, 2026 23:22 WIB, down 1.46% in one day. The token's market cap is Rp963,33 trillion with a 24-hour volume of Rp64,3 trillion. Pluang users show a slight selling bias with 52% sell orders and hold Solana for an average of 72 days.

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