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TronWeekly

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Pump.fun Sends 132K SOL to Kraken in Recent Selloff

  • Pump.fun transferred 132,180 SOL (~$20.87M) to Kraken in its biweekly selloff trend, surpassing $303M in 2024 withdrawals.
  • Despite earning over $400M in SOL, less than $1M has been redistributed to the community, raising concerns about sustainability and ecosystem support.
  • Only 0.81% of tokens from Pump.fun transition to DEXs, indicating declining success rates amid speculation of a potential Pump.fun token launch.
  • While dominating Solana network activity, Pump.fun faces criticism for redistributing only a small portion of its profits back to the community, sparking uncertainties about its long-term sustainability.

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