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Pump.fun moves $5.83M in SOL to Kraken

Summary by crypto.news
Pump.fun transferred 47,994 SOL worth $5.83 million to Kraken as Lookonchain estimated cumulative SOL sales at roughly $848 million.

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The new Pump.fun SOL sale brings the total to 5,236,623 SOL, worth approximately $848 million; the impact on the SOL price remains uncertain. The article Cumulative Pump.fun SOL sale reaches approximately $848 million was written by Nadia Voortman and first appeared on Bitcoinmagazine.nl.

Pump.fun sold another SOL 47,994 worth approximately $5,830,000, so its accumulated settlements would exceed $848 million, according to one report. The transaction adds to a cash conversion strategy that coexists with the repurchases and burns of its PUMP token.

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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news on Sunday, September 27, 2026.
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