Pump.fun transferred another 47,994 SOL worth about $5.83 million to Kraken, extending treasury movements that Lookonchain categorizes as sales. The analytics firm estimated cumulative sales at roughly 5.24 million SOL worth about $848 million, while the platform retained 381,737 SOL after the latest transaction. Exchange deposits do not independently confirm that all transferred tokens were sold. SOL traded around $120.64 after sellers rejected an advance near $122.70, with its relative strength index retreating to 67 from near 70. Spot net outflows of $5.14 million followed three consecutive days of positive spot flows, though one outflow session did not establish a sustained withdrawal trend. SOL remained above $110.13 support as Pump.fun supply entered the market alongside reported institutional demand and record ETF inflows.