The Hub of the Meme Coin World Doesn’t Stop: Solana Sales Surpass the $800 Million Threshold

Pump.fun, the popular meme coin platform on the Solana network, continues its sales without slowing down by transferring SOL assets worth millions of dollars to exchanges.

Pump.fun, which has become the hub of the meme coin craze in the cryptocurrency world, continues to cash out its earned revenues. According to data shared by the on-chain data tracking platform Lookonchain, the platform carried out a large-scale Solana (SOL) sale earlier today. This move is considered part of the platform’s strategy to regularly realize profits.

Recent investigations reveal that the platform sent approximately 84,789 SOL from its fee accounts to the cryptocurrency exchange Kraken. The market value of this transfer is around $6.25 million. Looking at the transaction details, it is observed that the assets, sent in fragments from different wallets, reached exchange addresses within a short period.

Pump.fun’s Total Sales Amount Surpasses $800 Million

The total sales carried out by the platform to date have reached staggering levels. Data shows that the Pump.fun team has sold a total of 4,823,325 SOL so far. The total value of this massive sales volume is calculated to be approximately $807 million. During the periods when the sales took place, the average Solana price hovered around $167.4.

The transfer traffic, particularly concentrated in the last 9 hours, proves the platform’s desire to quickly convert its revenues into cash. In addition to large transfers exceeding 32,000 units at once, exchange wallets are also being fed with various transfers of approximately 12,000 and 7,000 units. These strategic moves by the platform continue to directly impact the liquidity flow and market activity within the Solana ecosystem.