Pump.fun continues to show its presence by resuming Solana (SOL) deposits to the Kraken exchange. This time, the platform added $7.81 million worth of SOL, bringing its yearly deposits to 1.57 million SOL.
Deposits and Performance of Pump.fun
Pump.fun deposited another 54,113 SOL to Kraken, equivalent to $7.81 million. Overall, the platform has generated 3,232,101 SOL in total fees, valued at nearly $500 million. Currently, Pump.fun is among the top apps, generating an average of $1.53 million in daily fees.
Impact of PumpSwap on the Market
PumpSwap significantly reduces token movement to Raydium, as almost all tokens are integrated into the DEX. This effect became noticeable after adding liquidity and expanding the token listing. In turn, Pump.fun reaches new heights by competing with other DEX and covering up to 15% of Solana DEX activity.
Trading Condition and User Losses
On the Pump.fun platform, most traders face losses. Approximately 1.3 million wallets lose up to $500 trading meme tokens. However, 33 major holders have managed to earn over $1 million, while four of them lost a similar amount.
Key trends for Pump.fun indicate high activity levels, although the majority of users experience losses. The platform continues to exert significant influence on the market through strategic deposits and DEX integration.
