Solana-Based Platform Pump.fun Moves Millions in SOL to Kraken
Pump.fun,a popular meme coin launching platform,has transferred around 132,000 SOL ($22.88 million) to the cryptocurrency exchange Kraken. This move is part of the platform’s regular revenue processing.
Analyst EmberCN shared on-chain data showing this transfer. “Pump.fun moved 132,000 SOL ($22.88 million) in transaction fee revenue to Kraken a few hours ago,” EmberCN reported. The platform typically moves these funds to Kraken after accumulating one to two weeks of transaction fees.
Over the past year, Pump.fun has sold 3.868 million SOL, valued at over $701.76 million. The average selling price was $183.38 per SOL. Previous transfers include 117,913 SOL on April 25 and 118,718 SOL on may 2.
The latest transfer aligns with Solana’s strong market performance. SOL has risen 20% in the past week and 47.1% over the last 30 days.The Solana meme coin market cap also increased by 1.8% to $13 billion in the last 24 hours.
Several SOL meme coins have seen gains. Trump (TRUMP) is up 25%, bonk (BONK) 38%, Fartcoin (FARTCOIN) 20.5%, and Dogwifhat (WIF) 62%. Pump.fun allows users to create tokens with minimal technical knowledge, charging fees in SOL.
The Pump.fun Ecosystem market cap is now $4.84 billion, up 3.6% in the last 24 hours. Top seven-day gainers include:
- moo Deng (MOODENG): +328.5%
- Goatseus Maximus (GOAT): +145.2%
- Peanut the Squirrel (PNUT): +172%
