Solana
Pump.fun Transferred 132,935 SOL to Kraken as Cumulative Sales Pass $834 Million
The Solana-based launchpad sent another batch of fee revenue to exchanges, continuing a pattern of regular asset liquidations.
Solana-based memecoin platform Pump.fun transferred 132,935 SOL—worth approximately $13.8 million at prevailing prices near $103.70—to a Kraken deposit address on August 31, according to tracking data from on-chain analyst EmberCN.
The transaction represents the latest in an ongoing series of transfers. Pump.fun accumulates fees from token creations and automated bonding-curve trading, regularly routing the proceeds to exchanges in batches every one to two weeks, where historical data shows the assets are converted into cash or stablecoins.
With this latest transfer, cumulative sales attributed to the platform reached 5.11 million SOL, representing $834 million in total value. That figure is up from late July, when cumulative divestments stood at roughly 4.66 million SOL valued at $794.8 million.
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