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Pump.fun Transfers $15.07M Worth of SOL to Kraken

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By Cheryl L.Mar 26, 2025

Pump.fun Has Generated $612M in Revenue from Cumulatively Selling 3.25M SOL at an Average Price of $188.

By Cheryl L.

On March 26, according to data monitored by @EmberCN, Pump.fun transferred 104,000 $SOL, valued at approximately $15.07 million, to the Kraken exchange. This transaction underscores Pump.fun's ongoing strategy of channeling its accumulated transaction fee revenue into Kraken to manage liquidity demands effectively.

To date, as reported by @EmberCN, Pump.fun has cumulatively sold approximately 3.254 million $SOL, generating a total revenue of around $612 million, with an average selling price of $188 per $SOL. This figure essentially represents the entirety of the platform's fee income.

In March, the $SOL market has experienced a persistent net outflow. According to data from Coinglass, the spot market for $SOL has seen a cumulative net outflow of approximately $286 million since March 1. Pump.fun's large-scale transfer of $SOL could further influence market sentiment or liquidity on Kraken, depending on how the funds are utilized. However, there are currently no indications that Pump.fun intends to sell this batch of SOL in the short term.

At the time of this transfer, SOL's price remained relatively stable, trading at approximately $143 as of March 26.

Pump.fun Kraken

Cheryl L.

A crypto world explorer, uncovering key events and insights to inspire a global audience in this ever-evolving space.

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