Pump.fun has once again sparked debate within the crypto community by transferring a significant amount of SOL (approximately $16.2 million) to Kraken, bypassing planned buyback efforts. This move brings their total deposits to 3.93 million SOL at an average price of $182. The recent transfer also follows a pattern of sales rather than direct support for the platform’s native token, $PUMP. Pump.fun recently sold 264,373 SOL for $41.64 million in USDC, at an average price of $158 per SOL, leading to speculation that they are focused on asset liquidation rather than boosting $PUMP’s value. This has raised concerns among community members who expected these SOL holdings, or a portion of them, would be utilized for buyback initiatives to support the token’s price. Instead, these large-scale transfers to Kraken suggest an alternative agenda, perhaps profit-taking or treasury diversification. Pump.fun’s latest move raises questions about their long-term strategy for $PUMP and whether it is simply managing its reserves for other purposes. The absence of a transparent roadmap for $PUMP buybacks further fuels the uncertainty within the community. Whether this pattern continues will be closely watched by the crypto space.