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Pump.fun Moves $7.81M Solana to Kraken, Fuels Bearish Sentiment

  • Pump.fun moved $7.81 million worth of SOL to Kraken, totaling 54,113 SOL.
  • Solana's price experienced a 2.48% increase in 24 hours, but a decline of 12.80% over 30 days.
  • Pump.fun launched PumpSwap to boost Solana's DEX ecosystem, causing concerns regarding SOL transfers.
  • Technical indicators show short-term bullish momentum, but Solana is trading below its 200-day moving average, indicating a bearish trend.

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