Pump.fun Moves 76,111 SOL to Kraken, Total Fee Sales Near $893M

The steady cadence of Pump.fun's SOL-to-Kraken transfers is the real signal here: a launchpad monetizing at this scale is effectively a persistent seller of the asset it operates on, and routing fees to an exchange makes that flow visible and liquid rather than held. That matters for anyone tracking SOL supply dynamics, since cumulative fee sales of this size represent a structural, recurring source of sell pressure tied to meme-coin activity rather than to broader market conditions. Whether that flow keeps pace if launchpad volumes cool is the open question worth watching.