According to EmberCN, pump.fun transferred 196,000 SOL ($25.3M) to Kraken 3 hours ago, with only a small portion coming from the past 3 weeks' fee revenue and 120,000 SOL from unstaked SOL. The platform's fee revenue has sharply declined due to market conditions and decreased enthusiasm for SOL PvP.

According to Lookonchain, FTX/Alameda has unstaked 3.03 million SOL, valued at approximately $431.3 million, and transferred the assets to multiple wallets. This movement could signal potential selling pressure on the market, as large transfers often precede significant price movements. Traders should monitor these wallets closely for any further activity that might impact the SOL market.