Pump Fun Moves 102,500 SOL to Kraken for Potential Sale
On October 6, 2026, the fee accounts associated with Pump Fun moved 102,500 SOL, valued at approximately $12.41 million, to the cryptocurrency exchange Kraken. This transfer suggests an intention to sell the tokens, as SOL was trading at $119.92 at the time.
The current SOL price is testing the upper Bollinger Band resistance at $121.94. Technical indicators show the Relative Strength Index (RSI) at 47.62, indicating a neutral stance, while the Moving Average Convergence Divergence (MACD) signals a bearish death cross. These factors hint at a potential retracement toward the Exponential Moving Average 50 (EMA50) support at $119.71 before any further upward movement.
Analysts predict that SOL could continue its climb if it sustains support above the EMA200 at $112.03. The confluence of these technical indicators shapes the immediate price prediction for SOL, with traders watching closely for further developments.