Pump.fun Drops a Whopping 132,000 SOL Bomb on Kraken!

Holy crypto, Batman! Pump.fun, the wild ride of a meme coin launchpad, just dumped a massive 132,000 SOL—that's a cool $22.88 million—straight into the Kraken exchange's lap. Can you feel the ground shake?

According to the eagle-eyed blockchain sleuth EmberCN, this Solana stash is Pump.fun's loot from a week's worth of transaction fees, and it's following their classic money-moving playbook.

"Pump.fun just sent 132,000 SOL ($22.88 million) in transaction fee cash to Kraken a few hours back," EmberCN spilled the beans. The analyst pointed out that Pump.fun typically hauls its SOL to Kraken after stashing away one to two weeks of fee revenue. It's like clockwork, folks!

This latest cash splash is just another day at the office for the Solana-based token launchpad, churning out hefty fee revenue like it's going out of style since day one.

Get this—EmberCN's data reveals that Pump.fun has offloaded a mind-blowing 3.868 million SOL over the past year, raking in over $701.76 million. And guess what? They were selling at an average of $183.38 per SOL. Ka-ching!

These revenue transfers are as regular as your morning coffee, with previous drops on April 25 (117,913 SOL at $154.31) and May 2 (118,718 SOL at $150.52). The latest transfer on May 11? It's cranked up the volume just a bit compared to before.

And guess what's fueling this fire? Solana's on a tear, rocketing 20% in the last week and a whopping 47.1% in the last 30 days. We're talking SOL climbing from around $140 all the way up to $178. That's some serious altitude!

The Solana meme coin market cap's not sitting still either—it's up 1.8% to $13 billion in just the last 24 hours. And the big dogs in the SOL meme coin yard? They're howling with gains over the past week. Trump (TRUMP) is up 25%, Bonk (BONK) is soaring 38%, Fartcoin (FARTCOIN) is up 20.5%, and Dogwifhat (WIF) is leading the pack with a jaw-dropping 62% surge. It's a meme coin fiesta!

Pump.fun's Top Guns

Pump.fun's not just another pretty face in the meme coin world—it's the go-to launchpad on Solana, letting anyone with a dream and a few clicks mint their own tokens without needing a PhD in blockchain.

How do they keep the lights on? By charging fees for token creation and transactions, all collected in SOL, then periodically swapped out for other currencies at places like Kraken. It's a slick operation!

Today, the Pump.fun Ecosystem's market cap is sitting pretty at $4.84 billion, up 3.6% in the last 24 hours. And who's been lighting up the charts over the past week? Let's dive in and see the top gainers!