The post Pump.fun resumes SOL deposits to Kraken after boosting earnings with PumpSwap appeared on BitcoinEthereumNews.com.

Pump.fun is seeing a higher level of fee production and has once again resumed its Solana (SOL)  deposits to Kraken. This time, the platform deposited $7.81M worth of SOL to the exchange.  Pump.fun deposited another 54,113 SOL to Kraken, with a value of $7.81M. Year to date, Pump.fun has deposited over 1.57M SOL, valued at over $293M.  Overall, Pump.fun has already produced 3,232,101 SOL in total fees, valued at close to $500M. Of those, the platform probably cashed out over $250M, with the bulk during the 2024 bull market.  Following the latest sale, SOL traded at $145.56. The asset got a boost from a series of ETF applications, pointing to future demand. Pump.fun is back in the top 10 of apps, with $1.53M in fees for the last day. On more successful days, the platform reaches over $3M in fees, though still far from peak results of over $7M daily. Currently, Pump.fun once again produces more fees compared to Solana, and has far surpassed even the entire Ethereum chain. Meanwhile, Pump.fun sees a lower number of new tokens, falling to around 20K to 25K daily. On weaker days, under 2,000 new tokens are minted.  Token shifts to Raydium go to zero The effect of PumpSwap is already visible, as almost no tokens are moving to Raydium. The integrated DEX now lists all tokens that have finished the bonding curve. Graduated tokens were already rare, with around 200 new tickers daily moving to Raydium.  PumpSwap is just building up its list of tokens, initially starting with 26 coins. The DEX has added some of the more liquid Solana assets like Pudgy Penguins (PENGU) and Jupiter (JUP). Pump.fun itself is also showing slower graduations, as the community only trades new launches, but rarely raises enough liquidity for graduation to a DEX. The…

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Filed under: News - @ March 25, 2025 11:25 pm