Summary

  • On-chain data showed Pump.fun has continued selling by depositing large amounts of Solana into global exchange Kraken.
  • Pump.fun has generated revenue by collecting fees from memecoin issuance and trading in Solana, then moving the tokens to exchanges and selling them.
  • Based on Arkham’s analysis, the Solana Pump.fun has sold so far is worth about $887.6 million, with an average selling price of $158.

Forecast Trend Report by Period

Pump.fun, a Solana-based memecoin issuance platform, has sold more than $720 million worth of Solana on a cumulative basis, according to on-chain data.

Data from on-chain analytics platforms Lookonchain and Onchain Lens on Nov. 14 showed that Pump.fun deposited 64,666 Solana, worth about $5.19 million, into global cryptocurrency exchange Kraken over Nov. 13-14.

Pump.fun has monetized by collecting fees in Solana from users’ memecoin issuance and trading activity, then transferring the tokens to exchanges for sale.

According to blockchain analytics firm Arkham, Pump.fun has sold a total of 5,618,499 Solana to date, worth about $887.6 million. Its average selling price was $158.

Uk Jin