Pump. Fun Resumes Selling SOL After 9-Month Hiatus

Solana memecoin launchpad @Pumpdotfun has resumed selling $SOL after a nine-month break, depositing 82,700 tokens to @Krakenfx in a transfer valued at $7.02 million, according to on-chain data confirmed by Arkham Intel.

A Pattern of Periodic Liquidations

The move marks a return to a well-established practice for the protocol. Pump.fun routinely sells off SOL collected as transaction fees, typically sending batches to Kraken every week or two after accumulating fee revenue. The platform has earned a position as one of the primary memecoin launchpads on Solana, allowing users to create and deploy tokens with minimal technical knowledge, while charging fees in SOL that it periodically converts through exchanges like Kraken.

According to the original tweet, Pump.fun historically liquidated 4.19 million $SOL totalling $757 million between May 2024 and August 2025, at an average price of $181. That figure aligns broadly with cumulative on-chain tallies tracked by analytics platforms over the same period. Separate data from earlier in 2025 showed the platform had sold approximately 3.868 million SOL tokens worth over $701 million, at an average price of $183.30.

Ecosystem Concerns Resurface

The resumption of selling is likely to reignite a long-running debate about Pump.fun's impact on Solana. Concerns about Pump.fun extracting value from the Solana ecosystem have grown with each SOL sale, with many observers arguing its transfers represent a meaningful source of selling pressure on the token.

The sales are widely seen as one of the major price pressures on Solana. Critics have argued that the platform, despite driving significant chain activity through memecoin launches, channels a disproportionate share of that value off-chain rather than reinvesting it into the ecosystem.

The timing of the latest transfer, coming after a nine-month pause, will draw particular attention from market watchers. Whether the renewed selling reflects a deliberate decision to resume liquidations at current price levels, or simply a resumption of normal treasury management, remains to be seen.

Sources:
Pump.fun sends $22M worth of SOL to Kraken: What happened? (crypto.news)
Pump.fun extends cash-out streak, sends 156K SOL to Kraken (Cryptopolitan)
Pump.fun on-chain data (Arkham Intelligence)