Alright, get this: Pump.fun — you know, the platform that lets people mint meme coins like they’re collecting Beanie Babies in 1996 — decided to just casually slide 132,000 SOL (that’s $22.88 million, or, you know, a small yacht) over to Kraken. No biggie. Just your average Wednesday!
So, according to some on-chain data that everyone suddenly cares about (EmberCN, probably a very trustworthy person, I’m sure), this isn’t even weird. Apparently, this is a regular thing! They rack up all that sweet fee revenue from people desperate for the next Bonk or Fartcoin 💨, then send a fat stack of SOL off to Kraken every week or two like it’s paying rent. “Oh, look, another $22 million — honey, did you put the SOL on Kraken again?”
Pump.fun’s done this before. Check the receipts: April 25, May 2, now May 11 — it’s like the world’s most lucrative subscription box, except inside the box is a big pile of digital money and questionable coins named after bodily functions.
And this is all happening while Solana’s got the kind of performance graph you’d send to your ex to show how well you’re doing. SOL jumps 20% in a week, 47% in a month… what is this, crypto or a fad diet ad?
Meanwhile, meme coin market cap is up, all the tokens with names that sound like fever dreams (Trump, Bonk, Fartcoin — yes, Fartcoin, folks 🚀), and Dogwifhat (which sounds less like a coin and more like something a confused dog walker yells at the park) are absolutely ripping.
Pump.fun top gainers
Here’s the deal: People are on Pump.fun frantically creating tokens because, I dunno, apparently you don’t need to know any programming. Just a strong sense of irony and maybe mild insomnia. Pump.fun scoops up the fees, scoffs, and converts the SOL to, I don’t know, probably to pay for more meme coins or maybe a therapist.
So how’s the ecosystem looking? Well, it’s at a $4.84 billion market cap. Yeah, with a B! Suddenly, everyone’s uncle is an expert on peanut-based squirrel tokens or whatever.
Here’s the “who ordered a Lambo” leaderboard for the week:
| CRYPTOCURRENCY | PRICE | 7-DAY GAINS +/- |
| Moo Deng (MOODENG) | $0.1664 | +328.5% |
| Goatseus Maximus (GOAT) | $0.1733 | +145.2% |
| Peanut the Squirrel (PNUT) | $0.4344 | +172% |
End result? Apparently, you can turn nuts, goats, or bodily functions into gold, if you believe in magic and transaction fees. Why not! 😅
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2025-05-11 16:04