Pump.fun moves $6.85m in SOL to Kraken as traders back Robinhood

Pump.fun has transferred 76,111 SOL worth approximately $6.85 million to Kraken after a reported 15-day pause, as traders have criticized its fee model and pointed to Robinhood as a potential challenger. Lookonchain tracked 76,111 SOL entering Kraken through several transfers linked to Pump.fun fee accounts. The tracker estimated cumulative SOL sales at $882.4 million, averaging $158.88 per token. Traders j and kioto backed Robinhood as a potential competitor to Pump.fun. Community proposals included changes to token launches, liquidity, rewards, and platform incentives. Lookonchain identified the deposits in a Nov.

Source: crypto.news