Wallet linked to Pump.fun team deposits $3.5M in PUMP to Bitget

A wallet associated with the Pump.fun (PUMP) team has deposited 1.757 billion PUMP, worth approximately $3.54 million, to the exchange Bitget, Onchain Lens reported. The wallet currently holds 12.3 billion PUMP, valued at $24.77 million. Deposits to exchanges are often interpreted as a precursor to selling.