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by: xpoolPosted on: May 11, 2025

Solana Memecoin Platform Moves $22.88 Million to Kraken

Pump.fun, a prominent Solana-based launchpad for memecoins, recently transferred approximately $22.88 million worth of SOL to Kraken. This transfer, worth 132,000 SOL, reflects the platform’s ongoing pattern of strategic capital management. The transaction was first noted by on-chain analyst EmberCN and has sparked discussions about its potential impact on Solana prices.

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