In a major move, pump.fun transferred 292,438 SOL, valued at $55.58 million, to Kraken just seven hours ago. This amount represents transaction fee income accumulated over the past 23 days.

Following a similar transfer on December 10, the address had minimal SOL remaining, making this recent transfer noteworthy.

pump. fun 在 7 小时前，将过去 23 天时间积累的手续费收入：292,438 SOL ($55.58M) 转进了 Kraken。

他们在上次 (12/10) 转出 SOL 后，地址里的 SOL 已经不多。所以他们这次在积累了 23 天的手续费后，才在今天凌晨转出。

pump. fun 到目前总共获得的手续费收入约 194.9 万枚 SOL。… https://t.co/rnUejuOg5k pic.twitter.com/ggrlAfx7Pt

— 余烬 (@EmberCN) January 2, 2025

Impressive Fee Income Accumulation

Pump.fun has generated a staggering total of approximately 1.949 million SOL in transaction fees to date. Out of this, 1.839 million SOL, worth $356.34 million, has already been transferred or sold at an average price of around $194 per SOL. This reflects the scale and consistency of their transaction activity, showcasing the profitability of their operations.

What’s Next for Solana ($SOL)?

According to crypto analyst Ali Martinez, Solana’s price is poised for a significant 15% movement. The analyst advises traders to keep an eye on the $199 to $188 range, suggesting a breakout could dictate the next direction for the token.

#Solana $SOL is set for a 15% move—just wait for a breakout outside of the $199 to $188 range. Patience is key…

And so is capital! Go to @SimpleFXcom via my link https://t.co/GLjkpQvfTT and claim the $5,000 bonus! pic.twitter.com/5EP1cWI1Um

— Ali (@ali_charts) January 1, 2025

This substantial transfer of SOL and the market’s anticipation of a breakout could signal increased volatility ahead. As pump.fun continues to dominate fee collections and trading, the market will closely watch their next move, which may further influence SOL’s trajectory.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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