Pump.fun Transfers $4.5M in Solana to Kraken, Extending $784M Sell-Off Trend

New on-chain data from Lookonchain shows that pump.fun transferred 67,482 SOL, worth about $4.51 million, to Kraken within the past hour.

This latest move adds to its ongoing selling activity, with records indicating that pump.fun has now offloaded a total of 4.53 million SOL, valued at roughly $784.7 million, at an average price of $173 per token.

Meanwhile, the activity comes amid broader pressure on Solana, which has fallen 27.6% over the past 30 days and was trading near $66.84 at the time of reporting.

Source: Lookonchain