Pump.fun moves 99,999 SOL worth over $23 million to crypto exchange Kraken

According to a November 26 update from the on-chain data tracking platform On-chain Lens, the Solana-based memecoin launcher Pump.fun just moved 99,999 SOL worth over $23 million to the centralized crypto exchange Kraken. The latest move brings Pump.fun SOL holdings to about 304,324 tokens worth about $70 million, according to data from Arkham Intelligence. 

Earlier this month, Pump.fun moved about 90,000 SOL, worth about $14.97 million at the time to Kraken. The memecoin launcher made another transfer to the exchange on November 7 of 78,000 SOL worth $14.91 million at the time. On November 11, Pump.fun made another deposit in Kraken of 43,000 SOL worth $9.39 million.

Onchain Lens further revealed that the memecoin launcher has deposited about 893,242 SOL at an average price of $164 so far. Additionally, Pump.fun has accumulated over 1.487 million SOL in fees and revenue since its launch, currently worth over $344 million. The launcher has also deployed over 3.9 million transactions to date. 

Notably, Pump.fun account balances have shown significant growth since 2023, according to data from Arkham Intelligence. More specifically, the memecoin launcher experienced the most significant growth from October this year. However, there has also been significant volatility over the past month due to the increased skyrocketing prices in the crypto industry. 

According to blockchain data by Solscan, pump fun earned a total of 1487066 $SOL worth 344.85 as per current rates. Furthermore, the platform has made deposits of 893,242 $SOL to date at an average price of $164.

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