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Whales Hold Steady as Pump.fun Deposits $20.5M in SOL

Coin WorldTuesday, Jan 28, 2025 7:37 pm ET

1min read

Solana (SOL) price has been consolidating recently, with whale holdings remaining near record levels. This trend suggests a period of stability for the cryptocurrency, as large investors continue to hold onto their SOL tokens.

According to data from OnchainLens, a significant deposit of 90,000 SOL, worth approximately $20.5 million, was made to Kraken, a popular cryptocurrency exchange. This deposit was made by pump.fun, a platform that has fully integrated the Farcaster protocol. The total amount of SOL sent by pump.fun in 2025 has reached 782,877 tokens, valued at $159.44 million. Additionally, pump.fun has accumulated a total of 2,568,663 SOL, worth $579.46 million.

This recent activity by pump.fun, along with the stable whale holdings, indicates a strong interest in Solana among large investors. The consolidation of SOL price, combined with the significant holdings of whales, suggests a potential for future growth in the cryptocurrency's value.

The Solana ecosystem has been expanding, with various projects and initiatives gaining traction. The recent completion of a $2.5 million pre-seed funding round by Printr, a meme coin launchpad, is a testament to the growing interest in the Solana network. Backed by the Axelar Foundation, Printr's success highlights the potential for innovative projects to thrive within the Solana ecosystem.

As the Solana network continues to grow and attract more investors, the cryptocurrency's price is expected to remain stable and potentially experience further gains. The strong whale holdings and the expanding ecosystem suggest a positive outlook for Solana in the near future.

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