According to the latest monitoring data, the recently popular project pump.fun team conducted a large-scale capital operation. Within just 5 hours, the team converted as much as 86,000 SOL into approximately 16.28 million USDC. This is considered the first time the project has conducted such a large-scale sale of SOL since the issuance of the token.



Specifically, around 2:30 AM, the pump.fun team transferred a total of 86,000 SOL from two key wallets - one being the fee wallet and the other being the wallet that had previously executed the PUMP buyback - into the Kraken exchange. Subsequently, this batch of SOL was withdrawn from Kraken and sold on-chain at an average price of $189, exchanging for 16.28 million USDC, and finally transferred back to Kraken.

This series of operations has attracted widespread attention from the market. Some analysts believe that this move may be a way for the pump.fun team to reserve funds for future development or to optimize asset allocation. However, there are also views that such a large-scale Token sale may have a short-term impact on the market price of SOL.

Regardless, this capital operation is undoubtedly an important milestone in the development process of the pump.fun project. Market participants are closely monitoring the team's next moves and the specific use of these funds. As the Web3 ecosystem continues to evolve, similar large-scale capital operations may become increasingly common, reflecting the project team's different considerations in capital management and strategic planning.
SOL1.84%
PUMP0.05%
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DEXRobinHoodvip
· 08-15 22:23
The funds are moving too fast.
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SeasonedInvestorvip
· 08-15 18:07
I can't take it anymore, let's disperse.
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GasFeeTearsvip
· 08-13 01:49
Funding shift is not good
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WalletDoomsDayvip
· 08-13 01:49
Eight million ran away.
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ApeWithNoChainvip
· 08-13 01:41
dumping is coming
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NeverPresentvip
· 08-13 01:33
The market maker has run away again, trapping.
View OriginalReply0
RugResistantvip
· 08-13 01:28
The smell of capital flight
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