Solana Price Holds Support Amid Pump.fun’s $9.3M Exit Concerns

Key Highlights

• Solana price has bounced from long-term support and held above $95
• Pump.fun deposits $543M SOL to CEXs, exits $9.3M in USDC
• Stablecoin market cap on Solana hits $12.48B, up 146% QoQ

Solana price has rebounded from a multi-year ascending trend line, holding steady above the critical $95 level. However, Pump.fun‘s $9.3 million exit has sparked short-term concerns about market stability.

In the meantime, the stablecoin market cap of SOL increased by 146%. This indicated the deepening liquidity and adoption.

Solana Price Rebounds from Multi-Year Support Trendline

Solana price has bounced from a long-term ascending trendline to late 2022. The TedPillows chart highlights that this upward trendline had been a key support during SOL’s remarkable 2023 rally.

During that period, SOL surged by over 1,000%, showcasing its strength. The price recently touched this support again in early April 2025, and interest has renewed.

Solana price has bounced after a multi-week decline that took it down to nearly $95. This level has now become a critical floor. Since then, the price has recovered and is trading above $104. Buyers are coming in at this level as the ascending support line has held firm.

This is a movement that suggests traders are watching this structure closely. If momentum continues, the next resistance level would be around $146, then $167. This coincided with the Fibonacci retracement levels as indicated by ali_charts.

Solana Price Outlook: Key Levels and Bullish Signals

Additionally, the TD Sequential indicator has flashed a weekly buy signal. “SOL needs to stay above $95 and break $121 to set the stage for a rally toward $147,” says ali_charts. This indicator is used for trend exhaustion and potential reversals.

Upward pressure is growing as the current price of $105 was above the crucial $95 support. Possible resistance points on the weekly timeframe are $121, $146, $167, and $191, as per Fibonacci levels drawn.

This week, the SOL price hit a low of $95 but has since reversed slightly. A bullish structure would be confirmed with movement above $121, which could target the higher retracement zones.

Short-term volatility persists, but technical indicators suggest stabilization efforts. The market appears to be establishing a new range for Solana price movements. Strong fundamentals and rising on-chain activity supported the overall trend, which was still upward.

Solana Stablecoin Market Cap Surges, Boosting Liquidity & Adoption

As per DeFiLlama data, Solana’s total stablecoin market cap was $12.485 billion in April 2025. The number is up 146% from the previous quarter.

The increase in stablecoin supply indicates increased liquidity and user adoption on the Solana network. Compared to other blockchains, SOL now has the highest stablecoin settlement volume.

Regarding market share, USDC held the top position with 76.38%. This demonstrated investor confidence in Circle’s dollar-pegged asset on Solana.

In the last 30 days, the network added $648.9 Million in stablecoin supply, up 5.48%. It has added $85.64 Million this week alone.

It also shows increasing interest from institutional and DeFi participants in stablecoins. More liquidity often leads to tighter spreads, deeper markets, and faster transaction speeds. This is particularly evident in low-cost chains like Solana.

Large Transfers and Corporate Interest Add to Momentum

Meanwhile, according to Lookonchain, the address associated with Pump.fun has been depositing large amounts of SOL into centralized exchanges.

Over 2.88 million SOL was deposited to Kraken, totaling around $543.5 Million. The deposits were made at an average price of $189 per token. Furthermore, 264,373 SOL was sold for $41.64 Million worth of USDC at $158.

This type of movement tends to generate short-term selling pressure. However, such large transactions can also give liquidity to buyers entering the market. Solana’s ecosystem is growing rapidly; these transfers come when the network expands.

Separately, former Kraken executives have purchased the real estate platform Janover. Janover’s stock went up 843% after the firm announced plans to integrate a Solana-based treasury strategy.

This move suggested that traditional firms were exploring the token’s fast and scalable network. They viewed it as a potential foundation for financial infrastructure and asset reserves.

Stablecoin adoption and corporate interest continue to rise, strengthening Solana’s position in the market. As we enter mid-2025, these factors and solid technical support levels could influence Solana price trends.