Pump.fun Capitalizes on SOL Surge, Deposits Massive Amounts to Kraken

Pump.fun has resumed sending SOL to Kraken, capitalizing on the recent surge in the cryptocurrency’s price. This comes as a significant move for Pump.fun, which previously paused its buyback program and began depositing funds into the exchange. The platform deposited over 86,254 SOL to Kraken, marking its first such deposit since June 10th, according to on-chain data reported by Cryptopolitan. Pump.fun’s strategy involves maximizing profits from the current market surge.