MEMECOIN LAUNCHER PUMP.FUN'S DEPOSITS TO CRYPTO EXCHANGE KRAKEN SURPASS $300 MILLION
Pump.fun, a Solana-based memecoin launchpad, has deposited over 1.56M SOL (~$317M) to Kraken, with recent activity marking a decline from its November 2024 peak. Onchain metrics show decreasing trading volume, revenue, and Solana's economic value, reflecting a cooling period for the platform after significant earlier activity.