According to Lookonchain on Twitter, Pumpfun deposited 132,180 SOL, valued at $20.87 million, to Kraken within the last two hours. In total, Pumpfun has moved 3.62 million SOL (worth $660.5 million) to Kraken at an average price of $182, and has already sold 264,373 SOL for $41.64 million USDC at $158. These significant on-chain SOL transfers and large-scale sales are likely to increase selling pressure on Solana, potentially impacting short-term SOL price volatility and liquidity on both centralized and decentralized exchanges. Traders should closely monitor further SOL movements and exchange inflows, as such large deposits historically correlate with short-term price corrections. Source: Lookonchain (@lookonchain) via Twitter and Solscan.