Pump.fun transferred 600 million USDC to Kraken in October, revealing the large-scale sale of SOL

NonFungibleDegen · 2025-12-28T02:20:10+00:00

Pump.fun project transferred $617.5 million USDC to Kraken and moved $1 billion USDC to Circle over the past ten months. At the same time, the project sold 4.19 million SOL tokens, totaling $757 million. This reflects a gradual liquidation and concentration of funds in mainstream exchanges, with different interpretations from the market.

NonFungibleDegen

2025-12-28 02:20:10

Abstract generation in progress

【CryptoWorld】On-chain data reveals another big scoop. According to tracking analysis by Lookonchain, over the past ten months, the Pump.fun project has transferred a total of $617.5 million USDC stablecoins to Kraken, while also moving 1.1 billion USDC to Circle through wallet channels. The story behind this is even more interesting — since May last year, Pump.fun has sold a total of 4.19 million SOL tokens, equivalent to $757 million, with an average transaction price of $181. The majority of the funds have flowed into the Kraken exchange.

This series of operations reflects that the project team is gradually liquidating tokens while consolidating funds in mainstream exchanges. For the SOL ecosystem and market participants, such large-scale fund flow data is usually an important reference for judging the project’s intentions. Is it to enhance liquidity reserves or to prepare for subsequent operations? Different market interpretations exist. However, based on the scale of the data, this amount of funds is definitely worth paying attention to.

SOL1,21%

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DefiPlaybook

· 9h ago

617.5 million USDC into Kraken, 4.19 million SOL liquidated... Based on on-chain data, this operational pace is indeed worth paying attention to. A risk warning — funds are concentrated in exchanges, and liquidity reserves are still fleeing. Watch the subsequent withdrawal trends.

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SellLowExpert