Thursday, October 23, 2025
Catatonic Times
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
No Result
View All Result
Catatonic Times
No Result
View All Result

Pumpfun Deposits Over $28 Million Worth of Solana to Kraken

by Catatonic Times
February 14, 2025
in Altcoin
Reading Time: 2 mins read
0 0
A A
0
Home Altcoin
Share on FacebookShare on Twitter


KeyTakeaways:

Pumpfun deposited 148,759 SOL ($28.22 million) to Kraken, pushing whole deposits to $540 million.  A market dip adopted a serious deposit, highlighting potential promoting stress from Pumpfun’s holdings.  After criticism, Pumpfun suspended its live-streaming characteristic to handle inappropriate content material.

Pumpfun has as soon as once more deposited a big sum of Solana tokens into Kraken, transferring 148,759 SOL valued at roughly $28.22 million. This newest deposit brings Pumpfun’s whole contributions to the alternate to 2,280,377 SOL, now exceeding $540 million. The deposit occurred Thursday, marking one other transfer within the Solana-based meme-coin launchpad’s ongoing engagement with the favored cryptocurrency alternate.

This switch is a part of Pumpfun’s continued exercise on Kraken, the place it has already deposited vital quantities of Solana over the previous weeks. Earlier in February, the platform deposited an extra 140,285 SOL value $26.61 million, contributing to its cumulative whole. Pumpfun has moved 2,280,377 SOL to Kraken, which is at the moment valued at a powerful $462 million, primarily based on the newest market charges.

Market Reactions to Elevated Deposits

The frequent deposits haven’t gone unnoticed available in the market. Following the deposit on February 7, the $ SOL/$ USDT buying and selling pair on Kraken noticed a 1.2% decline inside quarter-hour, from $190.05 to $187.83. This temporary drop suggests the market could also be responding to the elevated promoting stress from Pumpfun’s holdings. Buying and selling quantity additionally spiked by 35%, reflecting heightened exercise in Solana-related property.

On January 2, Pumpfun transferred 120,000 SOL, value round $22.88 million, to Kraken. That transaction was adopted by a 2.94% drop in Solana’s worth inside 24 hours. Regardless of some preliminary considerations about doable sell-offs, Pumpfun has denied any intentions to liquidate its holdings, explaining that asset transfers to exchanges don’t essentially equate to gross sales. 

Along with its monetary maneuvers, Pumpfun confronted backlash over inappropriate content material on its live-streaming characteristic. The platform, which had beforehand grown quickly, suspended the live-streaming choice indefinitely in response to criticism. It acknowledged the unfavourable affect on customers and promised to proceed enhancing moderation techniques.



Source link

Tags: DepositsKrakenMillionPumpfunSolanaWorth
Previous Post

AI Revolutionizes Flood Forecasting with NVIDIA Modulus Collaboration

Next Post

Gamestop Considering Bitcoin Purchase, Along With Group of Altcoins: Report

Related Posts

Ohio Seeks to Keep AI Out of Marriage, Business, and Law
Altcoin

Ohio Seeks to Keep AI Out of Marriage, Business, and Law

October 22, 2025
Retail Crypto Use Doubles as Rules Clear Up, Says TRM Labs
Altcoin

Retail Crypto Use Doubles as Rules Clear Up, Says TRM Labs

October 23, 2025
Kadena Shuts Down Core Team, Leaves Blockchain to Run On
Altcoin

Kadena Shuts Down Core Team, Leaves Blockchain to Run On

October 22, 2025
Coinbase to Bring Private Stablecoin Transfers to Base
Altcoin

Coinbase to Bring Private Stablecoin Transfers to Base

October 23, 2025
Crypto Treasuries Face Resistance from Asian Stock Markets
Altcoin

Crypto Treasuries Face Resistance from Asian Stock Markets

October 22, 2025
“Hackers Had Their All-Time High Too,” Says Trezor CEO
Altcoin

“Hackers Had Their All-Time High Too,” Says Trezor CEO

October 22, 2025
Next Post
Gamestop Considering Bitcoin Purchase, Along With Group of Altcoins: Report

Gamestop Considering Bitcoin Purchase, Along With Group of Altcoins: Report

Why The Wisest Leaders Listen First Before They Act

Why The Wisest Leaders Listen First Before They Act

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Catatonic Times

Stay ahead in the cryptocurrency world with Catatonic Times. Get real-time updates, expert analyses, and in-depth blockchain news tailored for investors, enthusiasts, and innovators.

Categories

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

Latest Updates

  • Diddy Strikes Back — Files Appeal as SBF’s Ex-Cellmate Joins Legal Rebellion
  • XRP Bounce In Sight? Bulls Hold $2.38 Support As Breakout Pressure Builds
  • Technical Analysis Suggests XRP’s Playbook From 2017 Could Repeat In 2025
  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.