According to Onchain Lens and Lookonchain data, Pump.Fun, which offers a fast and easy way to create meme coins on Solana, has once again drawn attention with its recent transfer. With this transfer to Kraken, it has been reported that a total of 3 million 620 thousand SOL has been transferred so far, and the current market value of these transfers is approximately 660.5 million dollars.
Pump.Fun had also previously conducted a sale of 264,373 SOL on the Kraken exchange and had obtained 41.64 million USDC from this sale. It is reported that the average price at which these sales occurred was around 158 dollars per SOL.
The popular meme coin production platform Pump.Fun, operating on the Solana (SOL) network, has transferred an additional 132,180 SOL worth approximately 20.87 million dollars to the Kraken exchange.
Markets are now focused on the potential impacts that these transfers from Pump.Fun may have on the price of Solana.
The high amount of SOL that Pump.Fun continuously transfers to the exchange indicates that there is a strong demand in the meme coin market and that the platform is cashing in on this popularity. The regular sales of the platform, which capitalizes on the opportunities created by the meme coin craze, have sparked discussions in the crypto community about how the price of Solana (SOL) may be affected in the future.
