Lookonchain
Pump.fun has offloaded another 100,628 SOL — worth approximately $8.32 million — in its latest sell transaction, adding to a mounting pattern of sustained capital outflows from one of Solana's most prominent launchpad protocols.
In total, the platform has now sold 4,466,846 SOL at an average price of $175, generating roughly $780 million in proceeds. The overwhelming majority of that — 4,202,472 SOL worth $738.6 million — was routed directly into Kraken, with the remaining 264,373 SOL ($41.6 million) sold on-chain.
The scale and consistency of Pump.fun's selling pressure is a meaningful bearish signal for SOL. Routing the bulk of proceeds through Kraken suggests deliberate, exchange-ready liquidation rather than treasury management or protocol reinvestment. For SOL holders, the question is how much of this supply overhang has already been absorbed by the market — and how much remains.
WuBlockchain
Whale Alert