Pump.fun Fee Account Moves $200 Million Worth of Solana to Kraken; What’s Going On?

Pump.fun Fee Account Moves $200 Million Worth of Solana to Kraken; What’s Going On?
фото показано с : zycrypto.com

2024-12-8 23:56

Solana-based meme coin launchpad Pump Fun has drawn the wider community’s attention following recent transfers. According to Lookonchain data, Pump Fun has continued its huge Solana deposits to centralized crypto exchanges. At press time, the figure had exceeded 998,869 SOL, about $200 million, with traders monitoring asset movements.

On July 29, the platform deposited 65,000 SOL worth approximately $15.2 million, raising the total amount deposited on Kraken to 798,869. Out of this number, the platform sold 264,373 worth over $41 million. A series of sales followed this move as the crypto continued to soar. 

Lookonchain flagged another transaction on Dec 2 after the platform shipped 100,000 SOL worth $22.47 million to Kraken. This raised total flows to $176 million, while a similar 100,000 SOL transaction today raised total fund movement to $200 million. Pump Fun has earned a total of $381 million, or 1,595,278 SOL.

Profit Taking Sparks Sales

The platform’s increased sale of crypto assets comes as Solana’s price recorded bullish inflows in the last 30 days. This follows wider market momentum since the United States election, with traders anticipating a larger jump. Profit-taking has driven withdrawals as the price moves up to new levels not recorded in months.

Solana trades at $241, making a 2% jump in the last 24 hours and a larger 42% monthly surge. This year, the asset is up 279%, outpacing rival Ethereum, and is tipped to lead the altcoin season. Solana has attracted institutional flows, notching consecutive weekly flows and notable whale accumulations. The anticipated approval of spot Solana ETFs is another bull driver in the market.

Users React To Huge Outflows

Amid skyrocketing prices in the past weeks, crypto users fear large SOL outflows could impact market sentiments. Traditionally, movement to centralized crypto exchanges points to a sale due to the ease of such transactions, while flows off exchanges show signs of long-term holdings.

However, other users gave a conflicting opinion that not all assets would be sold. X (former Twitter) user @defimefidefi explained;

“sending funds to cexes doesn’t always mean selling but it’s good to know the biggest dapp of this cycle is using Kraken as a cold wallet.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

FunFair (FUN) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064133
Капитализация $0 Rank 99999
Доступно / Всего 0 FUN

fun pump drawn launchpad coin meme wider

fun pump → Результатов: 124


Стримы на Pump.fun стали опасными

Один из стримеров на платформе Pump.fun угрожал покончить с собой, если его токен не наберет нужной капитализации. Об этом сообщил менеджер по безопасности  проекта Pudgy Penguins под ником Beau. Hey @pumpdotfun there is currently someone using your livestreams to threaten to hang themselves if the coin does not reach a set marketcap. Absolutely heinous and […]

2024-11-26 15:01


Сообщество возмутилось стримами на Pump.fun

Один из стримеров на платформе Pump. fun угрожал покончить с собой, если его токен не наберет нужной капитализации. Об этом сообщил менеджер по безопасности  проекта Pudgy Penguins под ником Beau.

2024-11-26 19:27


Команда pump.fun поделилась своими планами

На одном из сайд-ивентов в рамках конференции Token2049 в Сингапуре команда pump. fun поделилась планами по дальнейшему развитию проекта. Главная цель разработчиков pump. fun — создать инновационную финансовую платформу, которая объединит возможности популярных социальных сетей из Web2 с элементами криптоиндустрии.

2024-9-20 19:32


Спад популярности Pump.fun снизил комиссионные поступления Solana

Общая сумма комиссий, уплачиваемых в сети Solana, упала до шестимесячного минимума на фоне снижения популярности Pump. fun.   7 сентября сеть сгенерировала около 3300 SOL комиссионных сборов.

2024-9-11 17:55