According to @ai_9684xtpa, FTX/Alameda transferred 190,837 redeemed SOL worth about $34.06 million to Bitgo roughly 7 hours ago, marking a large on-chain movement linked to the bankruptcy estate, source: @ai_9684xtpa. The source states the funds are intended for FTX creditor compensation, implying near-term sell-side overhang risk for SOL if liquidation proceeds, source: @ai_9684xtpa. Traders may monitor any subsequent custody-to-exchange flows, SOL spot liquidity, and order-book depth for distribution signals following this Bitgo move, given the source’s creditor-payout indication, source: @ai_9684xtpa.

According to Lookonchain, Pumpfun (@pumpdotfun) has deposited 156,425 SOL, valued at $25.74 million, to Kraken, bringing their total Kraken deposits to 3.49 million SOL ($640 million) at an average price of $183. Additionally, Pumpfun has sold 264,373 SOL for $41.64 million USDC at an average price of $158. This significant volume of SOL moving onto exchanges and subsequent selling activity suggests increased potential for Solana price volatility and heightened selling pressure, which traders should closely monitor for short-term trading opportunities. Source: Lookonchain via Twitter, solscan.io.

According to @EmberCN, pump.fun recently transferred 116,000 SOL, valued at $27.9 million, to Kraken. This amount represents the majority of their transaction fee income over the past seven days, totaling 122,500 SOL ($29.45 million). Since its launch nearly a year ago, pump.fun has generated 2.362 million SOL in fee income, with 2.239 million SOL ($439.5 million) already sold or transferred to Kraken at an average price of $196. This movement of funds could indicate a potential selling pressure on SOL prices.