Pump.fun: Transfers 100628 SOL to Kraken

Pump.fun moved another 100628 SOL worth $8.32 million into Kraken one hour ago, resuming large exchange deposits that began again ten days earlier.

The platform has offloaded roughly 4.54 million SOL totaling $791 million in fee revenue since early 2024 at an average price near $174, coinciding with the July token launch revenue allocation shift from 100% buybacks to 50%.

SOL trades at $82.71 inside its Bollinger Bands with the upper resistance at $86.55. Price sits below both the EMA50 at $85.18 and EMA200 at $86.4 while MACD prints a death cross at -0.6, confirming the bearish structure; RSI at 38.09 leaves room for further downside before any bounce attempt toward the 50-EMA support.