Pump.fun cashes in as SOL nears $200

Description

Pump.fun still sent SOL to Kraken after a long pause, just as the market rallied with SOL near $200. Briefly, the platform stopped its PUMP buybacks to cash in on SOL. Pump.fun sent SOL to Kraken, despite its commitment to buying back PUMP tokens with most of its fees. On-chain data showed the meme launchpad deposited a total of 86,254 SOL, its first deposit since June 10, as previously reported by Cryptopolitan. Pump.fun paused the PUMP buybacks and tapped some of its renewed SOL inflows. | Sou...