According to Lookonchain, Pumpfun (@pumpdotfun) has deposited another 156,425 SOL, valued at $25.74 million, to Kraken. Cumulatively, Pumpfun has moved 3.49 million SOL ($640 million) to Kraken at an average price of $183 and recently sold 264,373 SOL for $41.64 million USDC at $158 (source: Lookonchain, May 30, 2025). These large-scale deposits and sales indicate increased sell-side pressure on Solana, raising the risk of short-term price volatility. Crypto traders should closely monitor Kraken order books and on-chain flows for potential downward pressure on SOL price. Such whale activity often signals upcoming large moves, which may present both risk and opportunity for active traders.

According to @wingbits, key leaders including CEO @RobinWingbits, @SpexiNetwork’s @Bill_Lakeland, and @btschiller convened at Consensus 2025 in Toronto to discuss concrete strategies for building sustainable businesses in the web3 space. The panel emphasized the importance of real-world utility and scalable models for blockchain startups, which could influence investor sentiment and drive trading volumes across major cryptocurrencies. The upcoming Solana Accelerate event in New York City was highlighted as a catalyst for potential Solana (SOL) price volatility, given its focus on ecosystem growth and developer engagement. These industry gatherings are closely watched by traders for signals on sector momentum and token performance. Source: @wingbits on Twitter, May 19, 2025.

According to Lookonchain, a newly created wallet has withdrawn 44,116 SOL (valued at $6.15 million) from Binance and staked it. This substantial movement of Solana tokens might influence the liquidity and staking dynamics within the Solana ecosystem. The withdrawal could indicate a bullish sentiment towards Solana, as staking typically reflects confidence in the asset's long-term value. Traders should monitor Solana's staking statistics on platforms like Solscan for potential impacts on the market supply and price volatility. This significant transaction might lead to a decrease in available SOL for trading, potentially affecting market liquidity and price action.