#PumpFun massive SOL transfer#
Hot Topic Overview
Overview
PumpFun has recently been transferring large amounts of SOL to the cryptocurrency exchange Kraken, raising market attention. According to the latest data, PumpFun has transferred most of its transaction fee revenue of 122,500 SOL (about $29.45 million) to Kraken in the past week alone. It has cumulatively transferred 1.9 million SOL (about $386.8 million) to Kraken and sold 264,000 SOL in exchange for 41.64 million USDC. PumpFun has earned a total of 2.366 million SOL (about $572 million).
Ace Hot Topic Analysis
Analysis
PumpFun recently transferred a large amount of SOL to Kraken, attracting market attention. According to the latest data, PumpFun's transaction fee revenue reached 122,500 SOL in the past week, of which 116,000 SOL has been transferred to Kraken, worth approximately $28 million. Since its launch, PumpFun has accumulated 2,362,000 SOL in transaction fee revenue, worth approximately $570 million. Of this, 2,239,000 SOL has been sold on-chain or transferred to Kraken, with an average selling price of approximately $196. Currently, PumpFun has deposited a total of 1,901,332 SOL into Kraken, worth approximately $386.8 million, and sold 264,373 SOL in exchange for 41.64 million USDC. PumpFun's massive transfer has sparked market speculation about the platform's profitability and future development direction, as well as concerns about the price trend of SOL.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
PumpFun is transferring a large amount of SOL to the Kraken exchange and selling some SOL for USDC.
PumpFun's transaction fees are very substantial, earning 122,500 SOL in the past week.
PumpFun has accumulated approximately $572 million worth of SOL.
PumpFun's actions may be related to cashing out or other business strategies, the specific reason is unclear.