Pump.fun Deposits $22.88 Million Solana (SOL) to Kraken

Source
JH Kim

Summary

  • Pump.fun reportedly deposited 120,000 SOL, approximately $22.88 million, to Kraken.
  • Pump.fun's holdings are 172,000 SOL and 101,000 JitoSol, totaling $55.19 million.
  • The deposit was made from an address related to fee revenue.

On the 1st (local time), the cryptocurrency-focused media WuBlockchain, citing Arkam data, reported that "the fee revenue-related address of the Solana (SOL) based token issuance platform Pump.fun deposited 120,000 SOL ($22.88 million) to Kraken at 1:37 AM (KST)." It further stated, "Currently, Pump.fun holds 172,000 SOL and 101,000 JitoSol, totaling $55.19 million in value."

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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