Crypto exchange Kraken received a substantial influx of Solana (SOL) from Pump.fun within just two hours, totaling $20.87 million. This follows Pump.fun’s growing trend of offloading SOL holdings to Kraken, accumulating over $660 million in total deposits and reflecting ongoing market volatility. Recent sales show significant discounts on SOL tokens, including a massive 264,373 SOL sale for $41.64 million in USDC at an average price of $158. This indicates potential strategic moves to liquidate assets while prices are still favorable. The sell-off from large-scale wallets like Pump.fun has implications for the broader Solana market and can trigger short-term volatility as centralized exchanges increase the likelihood of selling pressure. Pump.fun’s movements, while part of a larger trend, raise questions about whether this is a routine reshuffle or a more substantial exit strategy. Experts are closely watching these wallet activities to understand their implications for market dynamics.