According to @EmberCN monitoring, Pumpfun-related addresses sold 86,000 SOL for 16.28 million USDC 5 hours ago, which may be their first SOL sale after token launch. At 2:30 AM, the Pumpfun team transferred 86,000 SOL from the fee wallet and a wallet that previously executed PUMP buybacks to Kraken. Subsequently, these SOL were withdrawn from Kraken and sold on-chain at an average price of 189, exchanged for 16.28 million USDC, and then transferred back to Kraken. Additionally, Pumpfun summarized their current PUMP buyback data: they bought PUMP worth $8.42 million in the past week, with a total buyback of 72.9 PUMP (0.729% of total supply).
Pumpfun sold 86,000 SOL for 16.28 million USDC 5 hours ago
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