Pump.fun Sells 4.1 M SOL Amid X Suspension, Transfers $699M to Kraken

The Solana-based memecoin launchpad Pump.fun, which has recently had a meteoric rise in the meme coin sector, has actually offered 4.1 M SOL tokens today.

Pumpfun(@pumpdotfun), recently suspended by X, has actually offered an overall of ~ 4.1 M $SOL($741M) at an average cost of ~$180 because Might 19, 2024.264,373 $SOL was sold for 41.64 M $USDC at $158.3.84 M $SOL($699M) was deposited to #Kraken at $182. 3.84 million SOL, or $699 million, had actually been sent out to the central exchange Kraken on average at a rate of $182. Visual Insights Show Strategic Exit PointsOne chart on Lookonchain likewise portrays a number of large-scale sell deals between May 2024 to mid-June 2025, where red markings represent the sales of 289,044 SOL, 188,000 SOL, and even 679,586 SOL at various cost pointsIn an associated turn, the social media outlet X (previously understood as Twitter) blocked the main accounts of Pump.fun and its co-founder, Alon Cohen.