Pump.fun: Deposits 28,203 SOL to Kraken

Pump.fun transferred 28,203 SOL in accumulated fees to Kraken in a single transaction valued at $2.39 million, draining the CebN5…xC9iM address to a residual 2.415 SOL.

The move echoes prior large-scale distributions over the last nine months that totaled tens of millions of dollars, timed as traders focused on Pancake IDO activity.

SOL price sits at $84.06 inside the Bollinger Bands with lower support at $83.3; the oversold RSI(14) at 27.5 combined with the MACD death cross at -1.76 and price below both EMA50 at $89.05 and EMA200 at $87.58 points to continued downside pressure before any relief rally materializes in this bearish structure.