Investment
Features
FeesSafety
Academy
More
Pluang+

Solana faces heavy sell pressure as Pump.fun deposits $738M SOL into Kraken, testing key support levels.

Market News
28 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Pump.fun has deposited over 4.2 million Solana (SOL), worth about $738.6 million, into Kraken, marking one of the largest recent sell-offs in Solana's ecosystem. This sustained selling pressure comes amid Solana's struggle to recover, with prices weakening near the $78.50 support level. Despite aggressive selling, overall market holders continue to withdraw SOL from exchanges, showing mixed market sentiment. If the $78.50 support breaks, further price declines are likely, while long liquidations above $17.5 million indicate buyers absorbing much of the volatility.

More News (SOL)

Ethereum futures long positions rise sharply, signaling growing trader focus and potential volatility.

Ethereum futures long positions rise sharply, signaling growing trader focus and potential volatility.

Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...

Technical Signals
Bullish
4 hours ago
Wall Street firm files for Solana ETF with staking rewards, aiming to expand crypto yield access.

Wall Street firm files for Solana ETF with staking rewards, aiming to expand crypto yield access.

A Wall Street asset manager has filed with the SEC to launch a Solana ETF that includes staking rewards, potentially broadening institutional access to crypto yield products. This ETF would differ from traditional spot ETFs by passing through staking...

Market News
Bullish
7 hours ago
Solana hits $3.47B in tokenized equities volume for June 2026, dominating 96% of the market.

Solana hits $3.47B in tokenized equities volume for June 2026, dominating 96% of the market.

Solana achieved a record $3.47 billion in tokenized equities volume for June 2026, capturing over 96% of the global on-chain tokenized equity market. This milestone highlights Solana's strong position and efficiency in blockchain technology, maintain...

Protocol Fundamentals
Bullish
13 hours ago
SPX6900 jumps 12% as Solana whales boost volume and transfers surge on Ethereum.

SPX6900 jumps 12% as Solana whales boost volume and transfers surge on Ethereum.

SPX6900 surged over 12% in 24 hours driven by a 62% volume increase and strong buying from Solana whales, who raised holdings by 65%. Ethereum network activity also picked up, with transfers nearly quadrupling and transactions doubling, supporting th...

Technical Signals
Bullish
13 hours ago
Solana shows bullish signs amid weak crypto volumes and market uncertainty in 2026

Solana shows bullish signs amid weak crypto volumes and market uncertainty in 2026

Trading volumes for major cryptocurrencies have declined since July 2024, reflecting weak demand and low market confidence. This trend is driven by macroeconomic pressures, Bitcoin ETF outflows, and bearish price action. Despite this, Solana (SOL) ha...

Technical Signals
Neutral
14 hours ago
banner-footerbanner-footer

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