NO more BUYBACKS of $PUMP ?? well Onchain Revealing that.

PUMP Moves in a Different Direction: Massive SOL Deposits to Kraken

In a surprising turn, Pumpfun (@pumpdotfun) has shifted focus away from buying back #pump and instead funneled more Solana into Kraken. Over the past 11 hours, the wallet DM7aP6Edf2Ug7veSJ2STXjyMgbGPLSGKnhEQdTKePNne deposited 86,254 SOL worth about $16.22 million.

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In total, Pumpfun has sent 3.93 million $SOL , valued at approximately $715.5 million — to Kraken at an average price of $182, and sold 264,373 SOL for $41.64 million USDC at $158.

The move raises questions about strategy and market intent, as the focus appears to be on liquidating #sol rather than supporting PUMP’s market price.