Pump.fun Moves Another $5.83M in Solana Tokens to Kraken

Pump.fun has moved another large batch of Solana (SOL) tokens to Kraken, with 47,994 SOL worth around $5.83 million being transferred on September 27th. This move follows a long-running pattern of treasury activity from the platform, which has been tracked by on-chain analysts since 2024.

Pump.fun's cumulative sales of SOL have reached an estimated 5.236 million tokens, valued at around $848 million, according to Lookonchain data. The average price for these transactions is approximately $162 per SOL.

Despite the significant transfer, Solana's price remained relatively stable, trading near $121 on CoinGecko market data. This lack of sharp market reaction suggests that the transaction may not have had a direct impact on Solana's price.