A naukri.com initiative
NullTX
3w
39
Image Credit: NullTX
PumpFun Deposits $7.81 Million in $SOL to Kraken as Total Holdings Soar to $469.1 Million
- Solana ($SOL) deposited $7.81 million worth of $SOL into Kraken, increasing total holdings to $469.1 million.
- This deposit of 54,113 $SOL tokens is part of PumpFun actively managing and expanding its crypto portfolio.
- PumpFun has sent 1,573,313 $SOL, valued at $293.26 million, to Kraken in 2025 alone.
- The company now holds 3,232,101 $SOL tokens, translating to a valuation exceeding 3/4 of a billion dollars.
- PumpFun's co-founder, Alon, revealed plans for a Creator Revenue Sharing feature to redefine the creator experience on the platform.
- PumpFun reinvests revenues into product development, focusing on building a sustainable business model rather than immediate profits.
- With a team of 45-50 individuals primarily focused on engineering, PumpFun is strategically investing in technical development.
- PumpFun's vision aims to empower creators through features like Creator Revenue Sharing and foster collaboration within the ecosystem.
- The company's strategic investment in $SOL underscores its confidence in Solana's potential as a reliable blockchain platform.
- PumpFun's continual growth, innovative product development, and focus on reinvestment position it as a significant player in the blockchain space.
Read Full Article
2 Likes
For uninterrupted reading, download the app