Hupzy (Spot On Chain)|Aug 31, 2026 19:12
โ ๏ธ http://Pump.fun moved ๐ญ๐ฏ๐ฎ,๐ต๐ฏ๐ณ ๐ฆ๐ข๐ (~$13.74M) from its fee-revenue wallet to Kraken โ a sizable CEX deposit from the Solana memecoin platform's ongoing fee collection.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: A $13.74M SOL deposit to Kraken is ๐บ๐ฒ๐ฎ๐ป๐ถ๐ป๐ด๐ณ๐๐น ๐๐ฒ๐น๐น ๐ฝ๐ฟ๐ฒ๐๐๐๐ฟ๐ฒ, especially from a named protocol entity rather than an anonymous wallet. Exchange deposits from a protocol fee wallet typically signal conversion to fiat or stablecoins rather than continued holding โ watch whether this is a one-off or part of a recurring pattern.
http://Pump.fun has been a major SOL fee generator, and routing accumulated fees to an exchange suggests the platform is cashing out rather than compounding its SOL position.
https://arkm.com/explorer/address/2p23ikTG1Da7ah7B4mtZNN2P68NfZHGPuuD6rcABCv3q
source: EmberCN
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