Pump.fun, the Solana-based platform for launching meme tokens, has restarted transfers of Solana (SOL) from addresses linked to its fee and treasury operations to the Kraken exchange. On-chain activity on November 6 showed multiple movements after a 15-day period without similar transfers that began in the second half of October.

Recent Transfers Detail

One transfer involved approximately 68,260 SOL, valued at about $6.15 million. The tokens moved through an intermediary wallet before arriving at Kraken. A separate transfer of 76,111 SOL, worth about $6.85 million, was sent to Kraken deposit addresses on the same day. Both movements were identified as originating from Pump.fun-linked fee revenue accounts.

These transfers resume a regular pattern in which the platform converts SOL accumulated from trading fees into other assets via centralized exchanges. Pump.fun generates fees through its token launch and trading activity on the Solana network.

Cumulative Sales Figures

Since early 2024, Pump.fun has sold a cumulative 5.627 million SOL for approximately $893 million. That volume equates to an average realized price of about $158.7 per SOL. Earlier individual transfers in the series have included larger single movements, such as one previously reported near 129,800 SOL.

The latest batches add to that long-running total of fee-derived SOL moved off the platform. An exchange deposit confirms the tokens reached Kraken but does not by itself specify the exact timing or price of any subsequent sales on the exchange’s internal books.

Context of the Pause

The 15-day gap in transfers marked a temporary halt in the otherwise recurring flow of SOL from Pump.fun-associated wallets to Kraken. Activity resumed with the November 6 movements, restoring the pattern of periodic treasury and fee conversions. The platform continues to operate as a venue for meme-token creation and trading, collecting fees denominated in SOL that are later transferred for conversion.

Market participants track these on-chain flows because they represent ongoing monetization of platform revenue. The combined recent transfers total more than $13 million in SOL value at the time of the moves.