64,666 Solana transferred to Kraken... classified as Pump.fun fee revenue
Original headline솔라나 6만4666개 크라켄 이체…펌프펀 수수료 수입으로 분류돼
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Pump.fun moved 64,666 SOL, valued at about $5.19 million, to Kraken from an address tied to the protocol, with on-chain analyst Yujin classifying the tokens as fee revenue rather than the platform's own token. Yujin estimates Pump.fun has sold a cumulative 5.692 million SOL since early 2024 for roughly $898 million at an average price of $157.8 per token. The transfer matters because it signals continued monetization of Pump.fun's fee income and adds to a steady stream of SOL flowing to exchanges. Watch whether further Kraken deposits follow and whether the selling pressure weighs on SOL's price.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Pump.fun, Solana (SOL), Kraken, Yu Jin, Marsbit
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