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PumpFun Deposits 82,700 SOL Worth $7 Million to Kraken

PumpFun Deposits 82,700 SOL Worth $7 Million to Kraken

According to on-chain data, Pump.fun deposited 174,408 SOL worth about $14.76 million to Kraken, while 117,877 SOL was later withdrawn by a new wallet, sold for USDC, and returned to the exchange.

SOL
USDC

Fact Check
The claim is well-supported by multiple independent on-chain monitoring sources. The title figure of 82,703 SOL (~$7M) deposited to Kraken is directly confirmed by OnchainLens (x.com/OnchainLens/status/2056371979037680095), PANews, and Odaily, all citing Arkham Intel blockchain data. The body content's larger figures — 174,408 SOL ($14.76M) total transferred and 117,877 SOL ($9.96M) likely sold via a new wallet — are confirmed by Lookonchain (x.com/lookonchain/status/2056582704305774896) and the PANews follow-up article. The two sets of figures are consistent: the 82,703 SOL was the initial tranche reported first, and the 174,408 SOL total reflects a later, cumulative update. The selling mechanism described (new wallet withdrawing SOL, converting to USDC at $84.52, redepositing USDC) is specifically corroborated by Lookonchain. Minor discrepancy: the title says '82,700 SOL' while sources say '82,703 SOL' — a rounding difference only. The claim accurately reflects on-chain events on May 18, 2026.
Summary

On-chain data indicates that Pump.fun deposited 174,408 SOL worth about $14.76 million to Kraken, updating an earlier report that cited a smaller 82,700 SOL transfer. The new report also traces a possible sale: a newly created wallet withdrew 117,877 SOL from Kraken, sold it at about $84.52 for roughly $9.96 million USDC, and then deposited the USDC back to Kraken. The sequence suggests that part of the transferred SOL may have been liquidated after reaching the exchange, although the differing transfer figures remain separate observed updates absent further confirmation.

Terms & Concepts
  • SOL: The native token of the Solana blockchain, used for transaction fees, staking, and transfers across wallets and exchanges.
  • Kraken: A centralized cryptocurrency exchange where users can deposit, trade, and withdraw digital assets.
  • USDC: A U.S. dollar-pegged stablecoin commonly used on crypto markets for trading, settlement, and moving dollar-equivalent liquidity.