Pump.fun: Transfers 64,666 SOL to Kraken

Pump.fun sent 64,666 SOL ($5.19 million) in fee revenue to Kraken four hours ago, extending its ongoing distribution that began in early 2024 and now totals 5.692 million SOL sold for $898 million at an average $157.8.

SOL trades at $77.46 on the 4-hour chart inside the Bollinger Bands with price pressing the lower support at $77.43. The EMA50 at $85.2 and EMA200 at $97.07 both act as overhead resistance while the MACD death cross at -2.07 keeps the broader structure bearish. RSI at 27.8 registers oversold, yet the death cross and location near the lower band suggest any relief rally will likely stall at the 50-EMA before fresh selling pressure resumes.