Pump.fun Has Sold Nearly $888 Million in SOL and Shows No Sign of Slowing Down

Memecoin launchpad Pump.fun deposited another 64,666 SOL, worth $5.19 million, into Kraken as solana fell below $75, bringing its lifetime sales to about $887.6 million. Pump.fun is selling into the crash again and onchain trackers reported earlier today that the memecoin platform deposited 64,666 SOL, worth about $5.19 million, into Kraken roughly seven hours earlier. The deposit is nothing new and has been witnessed time and again in the past. This is because Pump.fun earns fees in SOL every time users launch and trade memecoins on its platform. These funds get regularly converted into revenue by sending them to exchanges. According to Arkham’s Pump.fun entity page , the platform has now sold 5,618,499 SOL for about $887.6 million at an average price of $158.

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