The Solana ecosystem project has reportedly transferred fee income to the exchange, while total SOL sales from fee revenue since the start of 2024 reached about 4.61 million SOL, or roughly $795 million.
Pump, a Solana ecosystem project, transferred 67,000 SOL in fee income to Kraken over the past half hour, a move worth about $4.51 million, according to Ember. The transaction adds to a much larger pattern of monetizing protocol revenue through exchange deposits, which often signals realized selling rather than treasury reshuffling. Since the start of 2024, the address has reportedly sold about 4.61 million SOL from fee revenue, cashing out roughly $795 million.