Meme Coin Launching Platform Pump.Fun has transferred approximately 132,000 SOLs ($22.88 million) to Exchange Kraken, the cryptocurrency.
According to on-chain data shared by analyst Embercn, Solana (SOL) is the platform’s accumulated transaction fee revenue over the past week, following a consistent pattern of revenue processing.
“Pump.Fun transferred revenues from the transaction fees to Kraken a few hours ago,” Embercn reported. Analysts said Pump.Fun will typically move these SOLs to Kraken after accumulating transaction fee revenue for 1-2 weeks.
Source: Embercn
This latest transfer is an established pattern of Solana-based token launchpads, which has handled notable fee revenues since its inception.
According to Embercn data, Pump.Fun has sold over 3.868 billion Sol over the past year, exceeding $701.76 million. Sales were made at an average selling price of $183.38 per SOL.
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Revenue transfers for the platform occur regularly, with previous transactions documenting April 25th ($117,913 Sol $154.31) and May 2nd (118,718 SOL). The latest May 11th transfer shows a slight increase in volume compared to previous transfers.
The transaction coincides with Solana’s strong market performance, with Sol increasing by 20% over the past week and 47.1% over the past 30 days. The token rose from about $140 to $178 during this period.
Solana Meme Coin’s market capitalization has also increased by 1.8% to $13 billion over the past 24 hours. Last week, several well-known Solmeem Coins announced their profits. These include Trump (Trump) (25% increase), Bonk (Bonk) (38% increase), Fartcoin (Fartcoin) (20.5% increase), and Dogwifhat (Wif) (62% increase).
Pump.Fun Top Gain
Pump.Fun has acquired its status as one of Solana’s leading meme coin launchpads. This allows users to create and deploy tokens with minimal technical knowledge.
The platform charges you for creating tokens and trading them. This is collected in SOL before periodically converting to other currencies through exchanges like Kraken.
Today’s market capitalization of Pump.Fun’s ecosystem is $4.844 billion, a 3.6% change over the past 24 hours. This is the top winner of the seven days.
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