Pump.fun’s Large Solana Deposits to Kraken Suggest Possible Profit Taking or Liquidity Strategy
Solana-based memecoin launchpad Pump.fun has transferred over $660 million worth of SOL to Kraken, raising questions about its financial strategy and future plans. On-chain data reveals a consistent pattern of large SOL deposits to Kraken, possibly indicating profit-taking or liquidity preparation for a significant token sale. According to COINOTAG, the community remains divided, with some … Read more