Pump.fun, a Solana-based token issuance platform, recently deposited 98,593 SOL (approximately $20 million) to Kraken. This transaction is part of a larger pattern of Pump.fun depositing SOL to Kraken, with a total of ~1.66 million SOL (approximately $340 million) transferred so far. On-chain analyst OnchainLens analyzed the transactions and estimated that Pump.fun has realized ~$431.51 million from the sale of 2.12 million SOL. It is unclear why Pump.fun is moving such a large amount of SOL to Kraken, but it is worth noting that the price of SOL has been declining in recent weeks.