Pump.fun is moving SOL again. The meme coin launchpad just deposited 67,482 SOL worth approximately $4.51 million into Kraken over the past hour. Thereby, extending what has become one of the most consistent and closely watched sell-side trends in the Solana ecosystem. The deposit is not an isolated event. On-chain data shows Pump.fun has now offloaded a cumulative 4.53 million SOL worth $784.7 million at an average execution price of $173 per token. That is a sustained, systematic liquidation of treasury holdings that has been playing out over time, and the market has been watching every deposit hit the exchange.
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