Pump.fun Sends Massive $22 Million in SOL to Kraken – Why?

Crypto platform Pump.fun has just sent a hefty chunk of Solana (SOL) – roughly $22.88 million – to cryptocurrency exchange Kraken, following its established pattern of revenue processing. 3.868 million SOL worth over $701.76 million were sold by the platform in the past year at an average price of $183.38 per coin. This latest transfer, detailed by on-chain analyst EmberCN, follows a similar trend as previous transfers seen on April 25 and May 2, which also saw the platform moving SOL to Kraken.