PANews reported on November 7 that according to on-chain analyst Yu Jin’s monitoring, Pump.fun transferred 36,400 SOL (about 6.75 million US dollars) to the Kraken exchange 8 hours ago. This is its second large transfer in 5 days. However, despite the frequent cashing out, Pump.fun’s revenue growth is still rapid: the fee income in the past 5 days has reached 48,100 SOL.
Data shows that Pump.fun has received a total of 1.14 million SOL in transaction fees so far, of which about 745,400 SOL (about US$118.68 million) has been gradually sold at an average price of US$159 per coin.
