On-chain analyst Ember said the latest transfer adds to $770 million from last July’s public sale and 342,500 SOL in fee income sent to centralized exchanges since mid-May.
Pump.fun transferred 16.43 million USDT to Kraken seven hours earlier, PANews reported on July 1, citing on-chain analyst Ember. Ember said stablecoins from Pump.fun’s public sale last July totaling $770 million have now been moved into centralized exchanges, while 342,500 SOL in fee income worth $27.59 million has been sent to Kraken since mid-May. Large transfers to centralized exchanges can signal treasury management, liquidity provision or preparations for sales, though the report cited only the movement of funds and did not describe any disposal of assets.