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Pump.fun transfers 196000 SOL to Kraken, reducing commission income by 95%

2025-03-18 01:24

Odaily Planet Daily News: According to analysis by Yu Jin, Pump. fun transferred 196000 SOLs worth $25.3 million to the cryptocurrency exchange Kraken three hours ago. This transfer amount is only for Pump A small portion of Fun's handling fee income in the past three weeks, along with approximately 120000 SOLs as collateral for its redemption. On the contrary, Pump. fun's fee income has significantly declined, especially since March, when fee income has almost plummeted. From approximately 12000 SOLs per day (about $2 million) in February to less than 1000 SOLs per day (about $100000) today, the decline is as high as 95%.

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