Pump.fun Resumes Solana (SOL) Treasury Sales, Transfers 76,111 SOL to Kraken
Key Takeaways
- •On November 6, Pump.fun moved 76,111 SOL, valued at approximately $6.85 million, to deposit addresses associated with the Kraken exchange.
- •The transfers broke a 15-day pause in Pump.fun's treasury activity that had started in the second half of October.
- •Because tokens generally must be deposited on an exchange before they can be traded there, inflows to deposit addresses are a common on-chain indicator used to watch for potential sales by major holders.
- •The November 6 transfers restored the treasury-transfer pattern Pump.fun had followed prior to its October pause.
- •Pump.fun, a Solana-based token launchpad operating since January 2024, earns fees from token creation and trading and holds SOL in its treasury.
Pump.fun Resumes Solana (SOL) Treasury Sales, Transfers 76,111 SOL to Kraken
November 8, 2026 — COINOTAG
Pump.fun has restarted sales of Solana (SOL) from its own treasury. On-chain data shows that on November 6 the platform sent 76,111 SOL — worth approximately $6.85 million — to deposit addresses associated with cryptocurrency exchange Kraken, ending a 15-day pause in treasury transfers.
The halt began in the second half of October, and the November 6 transfers ended the 15-day break in treasury activity. Transfers of this kind draw attention because depositing tokens on an exchange is the standard prerequisite for trading them there, making deposit-address inflows a widely used on-chain signal for monitoring potential sales by large holders. The November 6 transfers resumed a treasury-transfer pattern Pump.fun had maintained before the October pause.
Background
Pump.fun is a token launchpad built on the Solana blockchain. Since its launch in January 2024, it has been widely used for creating and trading memecoins: users can deploy tokens that trade against an automated bonding curve, and tokens that reach a specified market capitalization threshold migrate to decentralized exchanges. The platform collects fees on token creation and trading, and it holds SOL — the native asset of the Solana network — in its treasury.
Kraken, founded in 2011, is one of the longest-running cryptocurrency exchanges. Movements of tokens by large holders to exchange deposit addresses, such as those observed in this case, are tracked through public blockchain records. Because venues like Kraken are where exchange-listed holdings are converted or traded, sizable inflows to deposit addresses are a standard focus of on-chain monitoring, and any follow-on transfers from Pump.fun's treasury — as well as the subsequent movement of the deposited SOL within Kraken — can be traced through the same public records.
This report first appeared on COINOTAG: Pump.fun Resumes Solana (SOL) Sales, Sending 76,111 SOL to Kraken.
