Solana Memecoin Platform Moves $22.88 Million in Transaction Fees to Kraken

PumpDotFun, a major Solana memecoin platform, recently executed a large-scale transaction, transferring 132,000 SOL (roughly $22.88 million) to Kraken. This transfer, part of PumpDotFun’s regular revenue realization strategy, is designed to boost market liquidity on the platform and could impact Solana’s short-term pricing. blockchain analytics firm on-chain analyst EmberCN confirmed this transaction via data analysis. No official statements were issued by PumpDotFun’s team. The timing of these transfers often coincides with minor price fluctuations in Solana, suggesting their influence on market dynamics.