#PumpFun Large SOL Transfers#
Hot Topic Overview
Overview
PumpFun has recently been transferring large amounts of SOL to the cryptocurrency exchange Kraken, with a total of approximately 190 million SOL transferred, worth about $386.8 million. These SOL are primarily derived from PumpFun's transaction fee revenue, which has totaled 2.365 million SOL, worth approximately $572 million. In addition to transferring SOL to Kraken, PumpFun has also sold a portion of its SOL, exchanging it for 41.64 million USDC.
Ace Hot Topic Analysis
Analysis
PumpFun recently transferred approximately $28 million worth of SOL to Kraken, representing a significant portion of its transaction fee revenue over the past week. Monitoring revealed that PumpFun generated 122,500 SOL in transaction fees during the past week, equivalent to approximately $29.45 million. Of this amount, 116,000 SOL has been transferred to Kraken. Since its launch, PumpFun has accumulated 2,362,000 SOL in transaction fees, valued at approximately $572 million. Of this total, 2,239,000 SOL has been sold or transferred to Kraken on-chain, 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 has sold 264,373 SOL in exchange for 41.64 million USDC.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
PumpFun is transferring large amounts of SOL to the Kraken exchange.
PumpFun's transaction fee revenue is very substantial, and most of it has been transferred to Kraken or sold.
PumpFun's total earnings have exceeded $570 million.
PumpFun's actions could raise market concerns, as its large transfers could cause SOL price fluctuations.