PUMPDOTFUN MOVES $22.88M IN SOL TO KRAKEN AS SELL PRESSURE BUILDS
has transferred 132,000 SOL—worth $22.88M—to Kraken, marking another major sell-side event tied to its transaction fee revenue. The move signals continued offloading from the memecoin-launch platform’s treasury, which has raked in massive fees during the Solana memecoin frenzy. With consistent sell flows now hitting CEXs, traders are watching for potential market impact as liquidity absorbs the pressure.
Source: Prime Signals
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