Solana Faces Pressure Amid Massive SOL Sell-Off
- The global crypto market recently rebounded to $3.16 trillion.
- Pump.fun transferred 148,759 SOL worth approximately $28.22 million to Kraken.
- A total of 2,280,377 SOL, valued at around $462 million, has been sent to Kraken by Pump.fun.
- Solana’s trading price is currently $191.17 with a slight daily increase of 0.20%.
- Binance Coin’s market cap is now $96.15 billion, surpassing Solana’s $93.16 billion.
Pump.fun’s large-scale sell-off of Solana tokens has intensified market concerns about Solana’s potential downtrend despite the overall crypto market recovery.
Source (2.6)https://coingape.com/solana-price-at-risk-as-pump-fun-offloads-28m-sol/?rand=24432
