PumpFun deposited 174,000 SOL to CEX in the past 13 hours, potentially completing the sale of approximately 118,000 SOL

Odaily reports, according to Lookonchain monitoring, Pump.fun deposited 174,408 SOL (approximately $14.76 million) to Kraken 13 hours ago. Meanwhile, on-chain transaction behavior indicates it may have completed some selling operations: a newly created wallet (35qaEz) withdrew 117,877 SOL (approximately $9.96 million) from Kraken, then sold all of it at around $84.52, swapping for approximately $9.96 million USDC, and subsequently deposited the USDC back to Kraken.