Pump.fun Sends $25.7M in SOL to Kraken as Transaction Fee Revenue Surges

Pump.fun , a top platform in the Solana ecosystem for creating and trading meme tokens, has made the news again—but this time, it’s not about a new meme token. At 11:30 AM (UTC) yesterday, pump.fun moved a colossal 156,000 SOL (equivalent to $25.71 million) to the centralized exchange Kraken. This transaction represents almost three weeks’ worth of stale fee income. And it isn’t just another horn-blowing at what has to be regarded as an insane revenue-generating platform. This is more than a profit. The pump.fun team’s actions have serious implications for the Solana ecosystem and might lead to the latest token generation event on Solana. The platform’s revenue model, which charges fees on token launches and transactions, continues to rake in millions of dollars on a consistent basis. According to data from DeFiLlama, pump.fun has been averaging around $1.3 million per day in transaction fees. The timing of this recent transfer aligns closely with that daily figure over the past 19 days, pointing to a systematic off-ramping strategy employed by the platform to convert on-chain earnings into fiat or centralized holdings. Regular Transfers Suggest Systematic Revenue Strategy It is not the first time that pump.fun has made a move like this. On-chain data illustrates that the platform routinely accumulates transaction fees in SOL over a period of one to two weeks before transferring them out in bulk to Kraken. These withdrawals are part of a long-standing pattern — a well-oiled revenue engine quietly extracting value from one of the most speculative corners of the crypto market. According to reports, pump.fun has sold more than 4.025 million SOL over the past year. The total roughly amounts to $727 million. That volume has been liquidated at an average price of $180.70 per SOL, a not-so-obvious indication of what might be the first truly profitable crypto exchange. pump. fun 在半小时前将 15.6 万枚 SOL ($25.71M) 手续费收入转进 Kraken。 根据 defillama 上的数据，近期 pump. fun 每天的手续费收入在 $130 万左右。这跟他们本次隔了 19 天转出的 SOL 价值是比较吻合的。 pump. fun 每在积累了一到两周的手续费收入后就会将这些 SOL 转进… https://t.co/acS6GMtMrq pic.twitter.com/xsWvfhKqbV — 余烬 (@EmberCN) May 30, 2025 Most of our activity in crypto space happens on exchanges. So if you pay close attention to almost any crypto project or platform these days, you’ll notice they all say something like: “Watch us on exchanges!” Or, “Follow our price fluctuations on exchanges!” With this in mind, let’s try to understand the events of the last few days under an even_mi_meme umbrella. Meme Token Frenzy Fuels the Engine pump.fun has achieved current success due to the meme token frenzy, especially among those on the Solana blockchain. In recent months, there has been a wild uptick in the number of inexpensive, viral tokens being thrown around on Solana — many of which seem to be spun up within moments on platforms like pump.fun. Even if most of these tokens are bound to death spiral anyway, the sheer volume and transactional activity of them across the pump.fun ecosystem is generating huge fee income for the platform. What makes pump.fun unique is how straightforward its interface is and how large its user base is. Every new token that gets launched pays a fee, and every trade adds to the transaction fee pool — which the platform collects in SOL. With the hype around meme coins showing no sign of letting up, especially on Solana, pump.fun is perfectly positioned to capture more of this slice of the mania-fueled economy. The most recent $25.71 million payment to Kraken underscores the effect spinning into action here. More user speculation means more fees, and those fees lead directly to greater liquidity for pump.fun and its principals. What This Means for the Broader Solana Ecosystem Pump.fun consistently brings in a healthy income; this shows Solana is a healthy network. The mean transaction volume of pump.fun is a string of soloing on Solana; this means the pump.fun is confirming Solana’s claims of being a low-fee, fast-speed network. Some people suggest more and more that the meme coin activity is unsustainable, and that’s just a signal for the crypto whales to pull out. In fact, the raw numbers coming out of pump.fun suggest otherwise: They’re real, driving real volume, and they’re bringing in real dinero. Platform sends regular payments to Kraken; why? Periodic payments from the platform to Kraken raise more questions than they answer about pump.fun’s sustainability and long-term planning. Is the platform just a short-term liquidity extractor, or does it have some kind of long-term roadmap? So far, the team has kept largely mum on the question. No matter what happens from this point, pump.fun has made itself a potent presence in the current crypto world. As long as guesswork crypto trading remains alive and well — and as long as users are willing to pay for the privilege — pump.fun will likely continue to be one of the most minting-at-will entities in the DeFi space. For both watchers and merchants, the communication is evident: keep an eye on the fees. For in the midst of a speculative frenzy, pump.fun is almost assuredly right there at the peak, collecting its quiet, ancillary profits, and sending tens of millions in SOL out to Kraken. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

Source: NullTx