Pump.fun transferred 132,935 SOL to Kraken in late August, worth approximately $13.8 million at the daily price. With this move, the platform’s cumulative sales total 5.11 million SOL, equivalent to $834 million. SOL is currently trading at $104, having lost more than 39% compared to the average price of $170.70 when the selling began. Pump.fun remains the largest fee contributor to the Solana network, a dominant position maintained without respite for nearly two years. The selling pressure on SOL continues at a pace of one transfer to Kraken every one to two weeks.
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