Pump.fun: Deposits 67K SOL to Kraken

Pump.fun deposited 67,482 SOL valued at $4.51 million to Kraken over the past hour, according to on-chain data from Lookonchain.

The platform has now offloaded a cumulative 4.53 million SOL for $784.7 million at an average price of $173.

Current SOL price sits at $66.63 on the 4-hour chart inside a bearish structure where price trades below the EMA50 at $67.38 and well under the EMA200 at $76.86. Momentum shows RSI at 53.31 while MACD registers a bullish golden cross at 0.17. With price testing the upper Bollinger Band resistance at $67.8 against neutral RSI, a retracement toward the EMA50 support at $67.38 remains the next probable move before any sustained upside. Traders tracking SOL price prediction models note this distribution adds fresh supply pressure amid broader crypto market conditions.