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Promote with Leviathan NewsOn-chain tracking accounts report that Solana-based memecoin launchpad Pump.fun has made another large transfer of 98,000 SOL (about $22.27 million) to centralized exchange Kraken, continuing an aggressive pattern of SOL deposits in 2025. According to the data cited by these trackers, this latest move brings Pump.fun’s 2025 cumulative deposits to around 880,877 SOL (roughly $181.7 million) and its lifetime earnings to about 2.58 million SOL, equivalent to roughly $587 million at current prices. These figures are based on on-chain attribution of a known Pump.fun fee/treasury wallet and its repeated transfers to Kraken. The activity fits a broader trend that began in early 2024, where Pump.fun regularly routes SOL fee revenue from its launchpad operations to Kraken, widely interpreted as preparation for conversion into stablecoins or fiat. Analysts and news outlets have previously highlighted that Pump.fun’s cumulative SOL deposits to Kraken have run into the hundreds of millions of dollars, framing them as either structured profit-taking from its high-fee business model or a treasury-liquidity strategy ahead of potential token-related plans. While Pump.fun has not publicly detailed the purpose of any specific transfer, repeated large inflows to an exchange are often monitored as a potential source of sell-side pressure on SOL, making these transactions a notable signal for traders and observers of Solana ecosystem flows.
AI-generated background, compiled from web sources — not editorial content.
𝕏/@loshmi ·
𝕏/@blocmates ·
𝕏/@Pumpfun ·
Coindesk ·
cryptotimes.io ·
The Block ·
𝕏/@loshmi ·
𝕏/@blocmates ·
𝕏/@Pumpfun ·
Coindesk ·
cryptotimes.io ·
The Block ·
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