Solana started its 10% price reversal less than an hour after Pump.fun completed the second transaction of the $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 (SOL) saw an over 10% intraday rally after staging a significant recovery from a dip to around $189 reached at 5:00 pm UTC on Jan. 1.
Solana’s price started rallying at 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.
