Pump.fun transfers $6.2M in SOL to Kraken to cash out fee revenue

Pump.fun, a Solana-based memecoin issuance platform, transferred 81,712 SOL worth about $6.15 million to Kraken to cash out fee revenue, according to EmberCN. On-chain data suggests Pump.fun has sold a total of 4.812 million SOL, worth about $812 million, from fee revenue since early 2024 at an estimated average price of $168.7.