Pump.fun moves $6.85m SOL as traders favor 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. SummaryLookonchain 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. 6 update, sharing an Arkham transaction view showing multiple Pump.fun fee accounts sending SOL to a wallet labeled as a Kraken deposit address. Its accompanying figures put the platforms cumulative sales at 5,553,833 SOL. The Money Ape, a market commentary account, described the movement as ending 15 days of inactivity and said the funds traveled through an intermediary wallet. Pump.fun resumes SOL transfers to Kraken The transaction images showed batches of roughly 7,227 SOL, 7,170 SOL and 20,464 SOL, among other deposits. A separate view shared by The Money Ape showed tokens moving from the deposit address into a wallet labeled as Krakens hot wallet. Lookonchain described the activity as renewed selling, although its update did not identify an execution









