Pump.fun Transfers 68K SOL Worth $5.65M to Kraken, Yet SOL Buyers Show Resilience

According to OnchainLens, Pump.fun deposited 68,596 SOL valued at approximately $5.65 million into Kraken on July 8 across multiple transactions, with the largest transfer comprising 41,746 SOL. Despite the substantial exchange inflow, the broader market showed limited panic-selling activity.

Spot flow data revealed a contrasting picture: Solana recorded a daily net outflow of $9.62 million, indicating that investors continued withdrawing SOL from exchanges faster than deposits arrived. The divergence suggested buyers remained willing to absorb the increased exchange supply without accelerating exits from trading platforms.