pump.fun deposits 90,000 SOL on CEX, worth approximately $20.5 million

The pump.fun platform, known for facilitating the launch of memecoins, made a major move by depositing 90,000 SOL on a centralized exchange (CEX). The amount is worth approximately $20.5 million and has generated considerable speculation about the project’s next steps.

Users and market analysts are discussing possible reasons for this transaction, including the sale of the funds for profit-taking or the redistribution of capital to new projects. This move also raises questions about the impact on the price of SOL, given the large volume involved.#JUPBuybacks $SOL