Solana’s Pump Fun Denies SOL Sale Despite $138M Deposit to Kraken

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Solana’s Pump Fun Denies SOL Sale Despite $138M Deposit to Kraken - CoinGape

Quick Summary:

Pump fun, a platform integral to the Solana ecosystem, has denied claims that it sold 99,999 SOL valued at $22.74 million after transferring the tokens to the Kraken exchange.

Blockchain analytics platform Lookonchain had suggested the possibility of a sale following the large transaction, but Pump.fun clarified that no evidence supports such claims.

Pump fun is credited with driving 62.3% of all decentralized exchange transactions on Solana in November as per Dune data.