Pump.fun transferred 196,000 SOL to Kraken, and the fee income decreased by 95%

Odaily Planet Daily News According to Yu Jin's analysis, Pump. fun transferred 196,000 SOL to the cryptocurrency exchange Kraken 3 hours ago, worth 25.3 million US dollars. This transfer amount is only a small part of Pump.fun’s fee income in the past 3 weeks, and the other approximately 120,000 SOL is the staked SOL it redeemed. In contrast, Pump. fun's fee income has seen a significant decline, especially since March, when the fee income has almost fallen off a cliff. From about 12,000 SOL (about $2 million) per day in February to less than 1,000 SOL (about $100,000) today, the drop is as much as 95%.