Pump.fun Resumes SOL Transfers to Kraken as Price Nears $200 Milestone
Pump.fun has resumed depositing SOL to Kraken after a brief hiatus, transferring 86,254 SOL as the cryptocurrency's price approaches the $200 mark. This marks the platform's first deposit since June 10, bringing its cumulative SOL transfers to Kraken to 3.93 million across various price levels. The intermediary wallet used for these transactions is now empty, but Pump.fun still holds at least 898,000 SOL in other public wallets. The resumption of deposits follows a temporary pause, signaling renewed activity as SOL gains momentum in the market.
Pump.fun Resumes SOL Deposits to Kraken as Price Nears $200
Pump.fun has resumed transferring SOL to Kraken after a pause, depositing 86,254 SOL as the cryptocurrency approaches $200. This marks the platform's first deposit since June 10, bringing its total SOL transfers to Kraken to 3.93 million across various price points.
The intermediary wallet used for these transactions is now empty, but Pump.fun retains at least 898,000 SOL in other public wallets. The MOVE follows a temporary halt in PUMP buybacks, suggesting strategic positioning during SOL's price surge.
Market observers note the deposits don't necessarily indicate immediate liquidation, as the platform maintains significant SOL reserves. These could potentially support the PUMP token's liquidity in future operations.
Kraken Secures MiCA License, Expands Regulatory Footprint Across EEA
Kraken has activated its Markets in Crypto-Assets Regulation (MiCA) license, granting it operational clearance across all 30 European Economic Area countries. The Central Bank of Ireland authorized the exchange's MiCA-regulated entity, enabling direct service to millions of users under a unified EU framework.
The license cements Kraken's compliance posture while expanding its addressable market. The exchange currently supports 450+ digital assets, with plans to onboard additional tokens. This development signals growing institutional acceptance of crypto within regulated parameters.
