$SOL
Attention!
The major player in the Solana ecosystem, Pump.fun, has made big moves again!
According to EmberCN monitoring, in the past 9 hours, Pump.fun transferred 154,000 SOL (approximately $24.39 million) in transaction fees all at once to Kraken exchange. This comes just 12 days after its last transfer!
Speaking of which, Pump.fun's transfer rhythm is quite regular; it basically transfers to the exchange once it accumulates 1 to 2 weeks' worth of fees. Over the past year, it has transferred out approximately 4.179 million SOL, which at the current market price is valued at around $751 million, with an average selling price of $179.89 per SOL.
What’s even more interesting is that when Pump.fun transferred coins before, some questioned whether it was “dumping for cash,” and the founder Alon directly responded on social media: “Who says transferring coins to the exchange has to mean selling?” However, one thing is for sure, Pump.fun's frequent operations will definitely add more “fuel” to SOL's market!
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