Pump.fun deposited 64,666 SOL, worth about $5.19 million, into Kraken on Nov. 13–14, according to onchain trackers Lookonchain and Onchain Lens. A deposit does not establish that the SOL was sold. Arkham’s Pump.fun entity page says the platform had previously sold 5,618,499 SOL for about $887.6 million, at an average price of $158.
Onchain analyst EmberCN also reported that three wallets belonging to Pump.fun’s team or early investors moved 1.458 billion newly unlocked PUMP, worth about $5.01 million, to Coinbase Prime. The source says exchange deposits are usually viewed as preparation to sell, but does not establish that these tokens were sold.
