According to Jinse Finance, Ember Monitoring has reported that the pump.fun team sold 86,000 SOL for 16.28 million USDC five hours ago, which appears to be their first sale of SOL since launching their token. At around 2:30 a.m., pump.fun transferred a total of 86,000 SOL from their fee wallet and another wallet previously used for PUMP buybacks to a certain exchange. These SOL were then withdrawn from the exchange and sold on-chain at an average price of $189, converting to 16.28 million USDC, which was subsequently transferred back to the exchange.