Pump.fun moves $5.2M in SOL to Kraken, EmberCN says

Meme coin issuance platform Pump.fun transferred 64,666 SOL worth $5.19 million to Kraken about four hours ago, according to EmberCN. EmberCN said the platform has sold an estimated 5.692 million SOL in fee revenue, worth $898 million, from early 2024 to now, with an average sale price of about $157.8. Exchange deposits are typically interpreted as being intended for sale.