According to Lookonchain, Pump.fun cashed out another $50M about 11 hours ago. Since Oct 15, Pump.fun has deposited $617.5M USDC into Kraken. Over the same span, $1.1B USDC moved from Kraken to Circle via wallet DTQK7G. Between May 19, 2024 and Aug 12, 2025, Pump.fun sold a total of 4.19M SOL worth $757M at an average price of $181.
Of that amount, 264,373 SOL were sold on-chain for $41.64M while 3.93M SOL worth $715.5M were deposited into Kraken. In the ever-volatile world of cryptocurrency trading, recent on-chain activities surrounding Pump.fun have sparked significant interest among Solana ecosystem traders. This latest transaction is part of a series where, since October 15, Pump.fun has deposited a whopping 617.5 million USDC into the Kraken exchange. During the same timeframe, an even larger flow of 1.1 billion USDC moved from Kraken to Circle via the wallet address DTQK7G, raising questions about liquidity shifts and potential redemptions in the stablecoin market.
Traders should monitor on-chain metrics like SOL transfer volumes and whale wallet activities to gauge upcoming volatility. The interplay between these USDC flows and SOL sales highlights broader implications for cryptocurrency market sentiment. As Pump.fun channels funds through Kraken to Circle, it could signal a shift towards fiat off-ramping or stablecoin redemptions, potentially impacting USDC’s peg stability and overall liquidity in DeFi protocols on Solana. In terms of trading opportunities, this news might encourage short positions on SOL if bearish momentum builds, particularly in light of any correlated dips in BTC or ETH prices.
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