Pump.fun sends $6.85m in SOL to Kraken as traders eye Robinhood
AI summary
Pump.fun moved 76,111 SOL, worth roughly $6.85 million, to Kraken after a reported 15-day pause in transfers, according to Lookonchain's Nov. 6 update. The deposits come as traders criticize the platform's fee model and float Robinhood as a potential challenger. Traders may read the exchange inflow as possible selling pressure on SOL and as a sign of eroding confidence in Pump.fun's business.
