Pump.fun sends $22m worth of SOL to Kraken: What happened?

Meme coin launching platform Pump.fun has transferred approximately 132,000 SOL ($22.88 million) to cryptocurrency exchange Kraken. According to on-chain data shared by analyst EmberCN, the Solana (SOL) is the platform’s accumulated transaction fee revenue over the past week and follows a consistent pattern of revenue processing. “Pump.fun transferred 132,000 SOL ($22.88 million) in transaction fee…

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Superstate to bring public equity trading on Solana

Superstate has launched Opening Bell, a platform that allows SEC-registered public shares to be issued and traded directly on blockchains, starting with Solana.  SOL Strategies, a Canadian public company focused on Solana (SOL) infrastructure, will be the first to list shares through the new system. The move marks a significant step in integrating public capital…

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Canada-listed SOL Strategies buys more Solana

SOL Strategies, a Canadian publicly traded company focused on supporting the Solana blockchain ecosystem, has expanded its holdings with a new $20 million Solana purchase. The Canada-listed company announced the move on Tuesday, May 6, disclosing the completion of the $20 million buy is from the first tranche of its $500 million convertible note facility. …

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Melania meme coin team dumps 9.99m tokens in 8 days

The team behind the Melania meme coin has made another token selloff and dumped 9.99 million $MELANIA tokens worth approximately $4.65 million over the past eight days. According to on-chain analyst Ember CN, these sales were conducted through “unilateral liquidity and DCA (dollar-cost averaging) methods.” This continues an overall selling pattern that started over a…

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