Pump.fun fee wallet transferred approximately 64,700 SOL to Kraken
Original headlinePump.fun 手续费钱包向 Kraken 转入约 6.47 万枚 SOL
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Pump.fun's fee wallet transferred roughly 64,666 SOL, worth about $5.19 million, to Kraken on November 14, according to on-chain monitoring by analyst Yu Jin. Since early 2024, the Solana-based meme coin launchpad is estimated to have sold about 5.692 million SOL in cumulative fee revenue, valued at approximately $898 million at an average price of around $157.8 per token. The transfer is notable because Pump.fun's steady SOL-to-exchange flows represent a persistent source of sell-side pressure on the asset. Traders will watch whether the platform continues converting fees at this pace and how SOL price and Kraken inflows respond.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Pump.fun, SOL (SOL), Kraken, 余烬
A linked name opens that asset's sentiment page.