Pump.fun deposits 174400 SOLs into Kraken

According to Lookonchain monitoring, Pump.fun deposited 174400 SOLs (approximately $148 million) into Kraken 13 hours ago. On chain data shows that a newly created wallet (35qaEz) withdrew 117900 SOLs (approximately $9.96 million) from Kraken and sold them all for $9.96 million in USDC at a price of approximately $84.52, which was then deposited back into Kraken.