http://Pump.fun has moved $𝟳𝟳𝟬𝗠 𝗶𝗻 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀 (USDC + USDT) into centralized exchanges — primarily Kraken — from its July 2025 public sale proceeds. The latest 16.43M USDT transfer was 7 hours ago. The protocol has also resumed converting fee revenue into spot selling: 𝟯𝟰𝟮,𝟱𝟬𝟬 𝗦𝗢𝗟 ($𝟮𝟳.𝟱𝟵𝗠) transferred to Kraken since mid-May. https://arkm.com/explorer/entity/pump-fun 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is significant structural sell pressure on SOL. http://Pump.fun was one of the largest fee-generating protocols on Solana during the memecoin boom, and resuming SOL fee-revenue selling signals the team is 𝗱𝗲-𝗿𝗶𝘀𝗸𝗶𝗻𝗴 rather than reinvesting. The $770M already at CEX is latent selling power that could hit the market at any time. For SOL traders, this is a persistent overhang — every http://Pump.fun deposit adds spot supply. The question is whether demand can absorb this pace, especially with BTC below $58K and broad risk-off sentiment prevailing. source: EmberCN Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1124(Hupzy (Spot On Chain))