Pump.fun: Deposits 82700 SOL Fees to Kraken

Pump.fun just routed 82700 SOL from three fee addresses straight to Kraken in a single hour, converting roughly $7.01 million while leaving 2.28 million SOL still on-chain.

The move echoes the platform’s earlier large-scale distributions nine months ago and arrives while traders monitor broader market flows including Bitcoin and emerging narratives around TAO.

SOL price prediction models now factor this fresh supply into the tape. On the 4h chart, price sits at $84.06 inside the Bollinger Bands with lower support at $83.3 and upper resistance at $90.64. The EMA50 at $89.05 and EMA200 at $87.58 continue to cap upside, while RSI at 27.5 signals oversold conditions and MACD at -1.76 confirms the death cross. With price testing lower-band support while RSI flashes oversold, a short relief bounce toward the 50-EMA at $89.05 remains the highest-probability path before any deeper continuation lower.