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$770 million in stablecoins raised through Pump’s public offering have already been deposited into centralized exchanges (CEXs), and 342,500 SOL in transaction fee revenue was recently transferred to Kraken.
Svmuu News: According to on-chain analyst Yu Jin, Pump continued to transfer 16.43 million USDT to Kraken 7 hours ago. Of the stablecoins (USDC and USDT) it received from selling PUMP tokens during its public offering last July, $770 million has already been transferred to centralized exchanges (CEXs). Additionally, Pump has recently resumed transferring its fee revenue; since mid-May, it has transferred 342,500 SOL in fee revenue to Kraken, valued at $27.59 million.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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