Solana Price Recovers to $200 After Pump.fun’s $55M SOL Sale

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Solana started a 10% price reversal less than an hour after Pump.fun completed the second transaction of a $55 million Solana transfer to Kraken exchange.

Solana’s price jumped more than 10% following a $55 million transfer from Pump.fun’s fee account to the Kraken cryptocurrency exchange.

Solana saw a more than 10% intraday rally after staging a significant recovery from a dip to $189 at 5:00 pm UTC on Jan. 1.

Solana’s price began to rise around 6:00 pm UTC on Jan. 1, nearly an hour after the fee account associated with the memecoin launch platform Pump.fun transferred $55 million worth of SOL to the Kraken cryptocurrency exchange.


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