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According to Yujin monitoring, the platform Pump.fun made a big move 6 hours ago, transferring all of its fee income of 132,000 SOL (approximately 22.88 million USD) directly to the Kraken exchange.
This isn't the first time Pump.fun has done this; they basically accumulate fees every week or two and then transfer them all at once. Over the past year, they have sold a total of 3.868 million SOL at an average price of 183.3 USD, amounting to a staggering total of 702 million USD! The scale of this capital flow is simply outrageous!
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