Pumpfun: $6.24M SOL Deposit Hits Kraken

Pumpfun transferred 84788.8 SOL valued at $6.24 million to Kraken nine hours ago, underscoring sustained cash flow even as memecoin activity cools.

Dune analytics show Pumpfun daily revenue remains above one million dollars, with PumpSwap DEX fees emerging as the key growth driver; transaction volume, token launches and revenue have all risen sharply since July 12, pushing August 4 revenue to 251% of the July 12 level.

At $72.64, SOL trades below both the EMA50 at $73.68 and EMA200 at $74.62 in a bearish structure confirmed by the MACD death cross at -0.15; price is pressing the lower Bollinger Band support at $72.69 while RSI at 39.77 offers no oversold relief, pointing to further downside pressure toward the next confluence zone before any rebound attempt.