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Pump.fun released over 4 million SOL, transferred 3.84 million SOL to Kraken
Since May 19, Pump.fun has sold a total of 4.1 million SOL worth 741 million USD, at an average price of 180 USD. Recently, the platform executed a transaction of 264,373 SOL (41.64 million USD) at a price of 158 USD and transferred 3.84 million SOL (699 million USD) to the Kraken exchange at a price of 182 USD.
This move comes against the backdrop of Solana's 24h trading volume reaching 4.5 billion USD (on 17/6), indicating high liquidity but also raising doubts about the ability to offload, especially when Pump.fun has just been suspended by X.