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Reading: Pump.Fun sends $22 million worth of SOL to Kraken: What is behind the move?
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Altcoins

Pump.Fun sends $22 million worth of SOL to Kraken: What is behind the move?

May 14, 2025 3 Min Read
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Pump.Fun sends $22 million worth of SOL to Kraken: What is behind the move?

Meme Coin Launching Platform Pump.Enjoyable has transferred roughly 132,000 SOLs ($22.88 million) to Change Kraken, the cryptocurrency.

Based on on-chain information shared by analyst Embercn, Solana (SOL) is the platform’s gathered transaction charge income over the previous week, following a constant sample of income processing.

“Pump.Enjoyable transferred revenues from the transaction charges to Kraken a number of hours in the past,” Embercn reported. Analysts stated Pump.Enjoyable will sometimes transfer these SOLs to Kraken after accumulating transaction charge income for 1-2 weeks.

Pump.Fun sends $22 million worth of SOL to Kraken: What is behind the move? -1

Supply: Embercn

This newest switch is a longtime sample of Solana-based token launchpads, which has dealt with notable charge revenues since its inception.

Based on Embercn information, Pump.Enjoyable has bought over 3.868 billion Sol over the previous yr, exceeding $701.76 million. Gross sales had been made at a median promoting value of $183.38 per SOL.

You would possibly prefer it too: Crypto VC Funding: Sentora, T-Rex and Sonic Labs accumulate contemporary capitals

Income transfers for the platform happen frequently, with earlier transactions documenting April twenty fifth ($117,913 Sol $154.31) and Might 2nd (118,718 SOL). The most recent Might eleventh switch reveals a slight enhance in quantity in comparison with earlier transfers.

The transaction coincides with Solana’s robust market efficiency, with Sol rising by 20% over the previous week and 47.1% over the previous 30 days. The token rose from about $140 to $178 throughout this era.

Solana Meme Coin’s market capitalization has additionally elevated by 1.8% to $13 billion over the previous 24 hours. Final week, a number of well-known Solmeem Cash introduced their earnings. These embody Trump (Trump) (25% enhance), Bonk (Bonk) (38% enhance), Fartcoin (Fartcoin) (20.5% enhance), and Dogwifhat (Wif) (62% enhance).

See also  Memecoin will transform into a global brand that focuses on the $0.10 mark

Pump.Enjoyable Prime Acquire

Pump.Enjoyable has acquired its standing as considered one of Solana’s main meme coin launchpads. This enables customers to create and deploy tokens with minimal technical data.

The platform prices you for creating tokens and buying and selling them. That is collected in SOL earlier than periodically changing to different currencies via exchanges like Kraken.

Right this moment’s Pump.Enjoyable ecosystem market capitalization is $4.844 billion, a 3.6% change over the previous 24 hours. That is the highest winner of the seven days.

learn extra: Ethereum is “within the age of reconstruction,” says Vitalik Buterin seeks cultural change

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Reading: Pump.Fun sends $22 million worth of SOL to Kraken: What is behind the move?
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