Pumpfun transferred 76,111 Solana (SOL) in fee revenue to Kraken.
Original headline펌프펀, 수수료 수입 솔라나(SOL) 7만6111개 크라켄 이체했다
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Pump.fun transferred 76,111 SOL, valued at roughly $6.85 million, to Kraken on the 6th in a move on-chain analyst Ember classified as fee revenue. Ember's tally shows the platform has sold a cumulative 5.627 million SOL from fee income since early 2024, worth about $893 million at an average price of $158.7 per token. The transfer highlights how the Solana memecoin launchpad continues to convert activity into realized revenue, a key gauge of platform demand. Traders will watch whether the SOL deposits are sold on Kraken and whether the pace of fee-related outflows tracks the recent slowdown in memecoin trading volumes.
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, BlockBeats
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