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PUMP FUN CLEARS UP SOL SALE RUMORS Pump Fun just squashed the rumors about selling 99,999 SOL after that $22.7M deposit to Kraken. Lookonchain tried to stir the pot, but Pump Fun’s like, “chill, no sale here.” SOL’s been on a wild ride, dropping to $228, and trading volume's… https://t.co/UwPtjHveIX
PUMP FUN DENIES SOL SALE AFTER KRAKEN DEPOSIT Pump Fun, a key platform in Solana's ecosystem, denied selling 99,999 SOL after transferring them to Kraken, clearing up speculation sparked by Lookonchain's analytics. While Pump Fun’s past on-chain sales of SOL raised suspicions,… https://t.co/FHkc7fkMwq
[𝕏] https://t.co/b48vqpfozV sends $22M in Solana to Kraken, sparking price suppression rumors as founder denies sale claims $SOL https://t.co/8vNwPLE82p
Pump Fun, a significant player in the Solana ecosystem, has generated over $100 million in fees in just seven days and surpassed major cryptocurrencies like Solana, Circle, and Ethereum in 24-hour revenue. According to Lookonchain, a bot reportedly earned 27,000 SOL, equivalent to approximately $6.8 million, by trading memecoins on the platform over the past month. Recently, Pump Fun sold 99,999 SOL for around $22.74 million, contributing to a total of 1,487,066 SOL sold, amounting to $345 million, at an average price of $180.70. In November, Pump Fun accounted for over 60% of decentralized exchange transactions on Solana. However, following a significant deposit of $22 million in SOL to Kraken, the platform denied rumors of selling 99,999 SOL, clarifying that the transfer was not a sale.
