Pump.fun sends $22m worth of SOL to Kraken: What happened?

Same corner losage pumple platform.fun transferred around 132,000 soil ($ 22.88 million) to the exchange of Kraken cryptocurrency.

According to chain data shared by Embercn analyst, Solana (GROUND) is the revenue accumulated turnover of the platform transaction fees during last week and follows a coherent revenue processing model.

“Pump.fun transferred 132,000 soil ($ 22.88 million) to transaction costs in Kraken a few hours ago,” said Embercn. The analyst mentioned that Pump.fun generally moves these soil to Kraken after having accumulated one to two weeks of transaction costs income.

This last transfer is a model established for the Token Launchpad based in Solana, which has dealt with notable costs since its creation.

According to EMBCN data, Pump.Fun sold 3.868 million soils worth more than $ 701.76 million in the past year. The sale was made for an average selling price of $ 183.38 per soil.

The platform income transfers occur regularly, with previous transactions documented on April 25 (117,913 soil at $ 154.31) and May 2 (118,718 soil at $ 150.52). The last transfer of May 11 shows a slight increase in volume compared to previous transfers.

The transaction coincides with the strong performance of the Solana market, with soil jumping 20% ​​in last week and 47.1% in the last 30 days. The token went from around $ 140 to $ 178 during this period.

The market capitalization of the room even Solana also increased by 1.8% to $ 13 billion in the last 24 hours. Several soil coins even displayed gains during last week. It includes Trump (ASSET) (up 25%), Bonk (Flag) (up 38%), Fartcoin (Fartcoin) (up 20.5%), and Dogwifhat (Wif) (up 62%).

Pump.Fun Top Gaires

Pump. It allows users to create and deploy tokens with a minimum of technical knowledge.

The platform invoices costs for the creation of tokens and transactions, which it collects in soil before converting periodically to other currencies via exchanges like Kraken.

The market capitalization of the pump ecosystem is today $ 4.84 billion, a variation of 3.6% in the last 24 hours. Here are the best seven -day winners.