Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Strategy Announces $979.7M Stock Offering for BTC Purchases

    UK FCA Lifts National Ban on Crypto ETFs

    David Marcus Advocates Bitcoin Adoption Amid Institutional Interest

    Michael Saylor Predicts Bitcoin to Reach $13M by 2045

    Bluebird Mines Gold Revenue for Bitcoin Treasury

    MicroStrategy Upsizes IPO to $1B for Bitcoin Purchase

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Ripple Moves $498M in XRP to Unknown Wallet

    Ripple Transfers $498M in XRP to Unknown Wallet

    ETH/BTC Ratio Tests Key 2021 Bull Market Support

    Solana Faces $50M Long Squeeze Amid Rally Speculation

    Solana Long Squeeze Sparks Potential Rally to $300

    Coinbase to Delist Four Crypto Assets in June

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Solana Memecoin Platform Moves $22.88 Million to Kraken

Solomon M. by Solomon M.
May 11, 2025
in Altcoin News
Key Points:
  • Pump.fun transfers substantial SOL to Kraken.
  • Transfer valued at $22.88 million.
  • Discussion about price impact persists.
solanas-memecoin-launchpad-pump-fun-transfers-sol-to-kraken
Solana’s Memecoin Launchpad: Pump.fun Transfers SOL to Kraken

Solana’s memecoin launchpad Pump.fun has transferred 132,000 SOL worth approximately $22.88 million to Kraken, as observed on May 11, 2025, continuing its pattern of regular large-capital movement.

Pump.fun’s Transaction Dynamic

Pump.fun, a significant entity on the Solana blockchain, performed a substantial transfer of 132,000 SOL to Kraken, marking a routine in capital management. Historical activities indicate that Pump.fun frequently accumulates and moves fees to exchanges, predominantly Kraken.

Industry watchers, including on-chain analyst EmberCN, initially brought this transfer to light. EmberCN noted, “Pump.fun transferred 132,000 SOL ($22.88 million) in transaction fee revenue to Kraken a few hours ago.” Although no direct statements were available from Pump.fun’s leadership, this operation continues to generate discussion among market observers about its broader implications for Solana prices and trading volumes.

SOL’s liquidity management is markedly affected by these transactions, potentially increasing sell-side pressure. Meanwhile, speculation continues about implications on market stability, with community dialogue frequently raising potential long-term effects on Solana’s perception.

Reactions span concerns about sustained sell pressures and market volatility. However, despite consistent large outflows, SOL’s market resilience has been noteworthy, with its price appreciating significantly in recent periods.

Financial outcomes suggest a balanced, if cyclical, impact on Solana’s trading dynamics, while Pump.fun’s development of PumpSwap indicates a strategic attempt to mitigate reliance on centralized exchanges, though regulatory and technological outcomes remain to be seen.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Solana Memecoin Platform Transfers $22.88M in SOL to Kraken

Next Post

Solana Memecoin Platform Transfers 132,000 SOL to Kraken

Solomon M.

Solomon M.

Related Posts

Ripple Moves $498M in XRP to Unknown Wallet

by Solomon M.
June 7, 2025

Ripple executes major $498 million XRP transfer to an unidentified wallet, raising market interest.

Ripple Transfers $498M in XRP to Unknown Wallet

by Solomon M.
June 7, 2025

Ripple moves $498 million in XRP to an unknown wallet, triggering discussion on potential impacts.

ETH/BTC Ratio Tests Key 2021 Bull Market Support

by Solomon M.
June 6, 2025

Ethereum's ETH/BTC ratio tests 2021 support, with no leadership commentary and sluggish network activity.

Solana Faces $50M Long Squeeze Amid Rally Speculation

by Solomon M.
June 6, 2025

Solana experiences $50M long squeeze as analysts predict potential rally to $300.

Solana Long Squeeze Sparks Potential Rally to $300

by Solomon M.
June 6, 2025

Solana might reach $300 following a $50M long squeeze, sparking widespread trader interest.

Coinbase to Delist Four Crypto Assets in June

by Joshua T.
June 6, 2025

Coinbase delists Render, Ribbon Finance, Helium Mobile, and Synapse, affecting trading liquidity.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.