The meme coin platform Pumpfun on the Solana network transferred SOL tokens worth 18.26 million dollars to the Kraken exchange.
According to a report by Lookonchain, one of the important data providers in the cryptocurrency market, the platform 'Pumpfun' that allows the release of meme coins on Solana continues to sell SOL without slowing down. Known as the 'meme coin factory', Pumpfun transferred 117,913 SOL tokens (18.26 million dollars) to the Kraken exchange in a short time.
This transfer is just a part of the transfers that Pumpfun has made to the Kraken exchange. According to data, Pumpfun has transferred a total of 3,097,265 SOL tokens to Kraken at a price level of 186 dollars. This amount is approximately equivalent to 575 million dollars.
Of the transferred tokens, 264,373 SOL were sold at a price level of 158 dollars, resulting in 41.64 million USDC stablecoin obtained.