Pump Fun moves 174,408 SOL to Kraken; on-chain signals point to sale of 117,877 SOL

ChainCatcher cited Lookonchain data showing Pump Fun transferred 174,408 SOL (US$14.76 million) to Kraken about 13 hours ago. On-chain activity suggests 117,877 SOL (US$9.96 million) may have been sold. A newly created wallet, 35qaEz, withdrew 117,877 SOL from Kraken, sold the tokens at US$84.52 each for 9.96 million USDC, then sent the 9.96 million USDC back to Kraken.