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Pump.fun Moves $5.83M in SOL to Kraken
Summary by crypto.news
5 Articles
5 Articles
Pump.fun sold another SOL 47,994 worth approximately $5,830,000, so its accumulated settlements would exceed $848 million, according to one report. The transaction adds to a cash conversion strategy that coexists with the repurchases and burns of its PUMP token.
According to ChainCatcher, on-chain analyst EmberCN reported that Pump.fun transferred $8.11 million in transaction fee revenue to Kraken two hours ago, including 47,995 SOL (approximately $5.83 million) and 2.28 million USDC.
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Cryptocurrency News | Cryptocurrency Prices | Market Cap
Cryptocurrency News | Cryptocurrency Prices | Market CapPump Fun sells 47,994 SOL for $6M as cumulative liquidations approach $850M
Pump.fun's systematic SOL liquidations highlight the volatility and potential market impact of large-scale token sales in the crypto ecosystem.
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Total News Sources5
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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