Pump.fun: Deposits 129798 SOL to Kraken

Pump.fun deposited another 129798 SOL valued at $14.07M into Kraken eight hours ago, according to LookOnChain. Cumulative sales now stand at 5477722 SOL for $875.5M at an average exit price of $159.8.

SOL trades at $107.03 inside the Bollinger Bands with upper resistance at $108.52. The 50-EMA at $106.29 continues to act as immediate support while the 200-EMA at $108.6 caps upside. MACD holds a bullish golden cross at 0.71 and RSI sits neutral at 55.48, suggesting the distribution from Pump.fun is being absorbed without breaking the short-term uptrend structure.