Pump.fun, a Solana-based meme coin launchpad, has deposited 65,122 SOL ($11M) into Kraken, bringing its total transfers to the exchange to 2.35 million SOL ($473 million). The platform has also sold 264,373 SOL for $41.64 million USDC, with total earnings reaching 2.93 million SOL ($515 million). Despite a decrease in trading volume following a controversy involving the LIBRA token and concerns about market manipulation and excessive speculation, Pump.fun has generated $17 million in fees in the last 7 days. The platform recently launched iOS and Android apps to boost momentum, but its ability to handle regulatory scrutiny will determine its future.



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