Main notes
- The fun has sold 65,284 huge symbols Sol, Lokonchain claims.
- Sol Token faces resistance in EMA for 20 days, which is $ 132.51.
- Solana ranked second between the highest with the highest fees created this week.
Blockchain Lookonchain Analysis has raised doubts regarding a large -scale Sol
Teller
128.4 dollars
24 hours fluctuation:
1.5 %
The maximum market:
65.92 dollars b
Folder. 24h:
$ 3.76 b
Transactions. According to the platform, Pump.fun, the birth generator of Mimi on Solana, may have sold quietly 65284 Sol ($ 8.22 million).
Similar #Pumbfun You may have been sold quietly 65284 $ Sol($ 8.22m).
Today, they deposited 65,284 $ Sol to #kraken. Soon after, I withdrew 3 newly created portfolios and sold it for 8.22 meters $ USDC In $ 126.
On March 25, they were deposited 104,120 $ Sol(14.97 million dollars) to #krakenthen… pic.twitter.com/72mgfl15pe
– Lookonchain (@swearonchain) April 1, 2025
This happened by depositing Crypto Exchange Kaken, followed by withdrawals from three newly created portfolios, which immediately sold the same amount at $ 126.
A similar pattern was observed on March 25, when 104,120 Sol (14.97 million dollars) was deposited to Kraken, and then withdrawn and sold it for $ 144.
Although it can be coincidental, such transactions indicate a great emptying, and may exercise the downward pressure on the Sol price.
Pump.fun himself has been a major player in the ecosystem of Solana, generating $ 610 million of fees and facilitating $ 1.1 billion in trading volume since its inception, data appears from sand dunes.
Price analysis: The main levels of viewing
Sol is currently trading at $ 127.49, which represents an increase of 2.5 % over the past 24 hours. according to Coinmarketcap dataTrading volume increased by 36 % to $ 3.12 billion, indicating an increase in activity.
However, Solana faces critical resistance in EMA for $ 20 at $ 132.51. The collapse above this level may lead to a bullish step, but failure in its breach may lead to more monotheism.
According to the daily graphic drawing below, the RSI is read by Sol value of 43.60, which means that the bears and bulls are equally compatible. However, the gradient of the line indicates high pressure.
Source: TradingView
Sol tests the resistance in the middle Bollen Bander ($ 130.82) and if a penetration process succeeds, investors can see Altcoin breach to resist the upper range at $ 142.56.
Solana's increasing fees and market presence
Despite the uncertainty in the short term, the Solana Network continues to prosper. Over the course of last week, Solana ranked second among Blockchains in the generation of fees this week, got 6.76 million dollars, and failed only TON ($ 11.75 million) and a little before the BNB series (6.71 million dollars).
The Tron, Solana and BNB series has the highest drawings this week:
Trondao $ 11.75M
Solana $ 6.76M
bnbchain $ 6.71M
Various chains, the same crowd. pic.twitter.com/ripuwajth
– Nansen
(@NANSEN_AI) April 1, 2025
In addition, according to X Post from the researcher Dan Smith on March 31, Network Rev (the real economic value), a measure that tracks the value resulting from the user activity, increased by Solana by 54 % to $ 18.5 million while the BNB series decreased by 38 % to 6.7 million dollars.
The week increased during the week for the first time in eight weeks, the curse was raised!
This is the weekly update
(Rev, Rev Market Share, W/W Change)Solana: 18.5 million dollars, 39 %, +54 %
TON: 11.8 million dollars, 25 %, -3 %
BNB: 6.7 million dollars, 14 %, -38 %
Ethereum: $ 5.1 million, 11 %, +15 % pic.twitter.com/9vphdlkxvzSMYGUY (SMYGUY) March 31, 2025
Dry circulating investment funds
Solana's institutional interest has taken a step forward with the launch of two investment funds traded at Solana Futures by fluctuation shares on March 20.
It is expected to attract ETFS, called Solz (Solana ETF) and Solt (2x Solana ETF), institutional flows. However, the initial response was lukewarm.
According to Erik Balunas, Senior Lumperberg, ETF, these traded investment funds have seen only one million dollars in size in its first few days.
The new future ETF for Solana magazine did not do much. Millions in the first few size are okay in the normal ETF but nothing against BTC, about 80X less than 80X BitThe first few days or 4 dollars's. As we said, the more you move away from BTC, there will be less assets (i.e. rhyme due to work) pic.twitter.com/oqoipzdeel
Eric Balunas (EricBalchunas) March 31, 2025
Although this is appropriate for a new ETF, it is diminished compared to the ETF launch of Bitcoin like Bito and Blackrock's Ibit, which witnessed approximately 80x size in its early days.
Balchunas notes that the more Bitcoin, the less institutional demand tends to be attracted.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
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