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Solana sees $5.65M SOL moved to Kraken but overall outflows suggest strong buyer demand persists

Technical Signals
08 Jul 2026
AMBCrypto
View Source
Neutral
pluang ai news

Pump.fun transferred 68,596 SOL worth about $5.65 million to Kraken, raising concerns about potential selling. However, broader market data shows a net daily outflow of $9.62 million SOL from exchanges, indicating investors are still withdrawing tokens rather than selling. Solana's price recently pulled back from $82.56 resistance toward key support at $74.41, with buyers needing to defend this level to maintain momentum. Liquidity clusters above current prices suggest volatility may rise as Solana tests resistance zones, potentially triggering liquidations and influencing the next price move.

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