Meme coin platform Pump.fun recently made headlines by depositing 90,000 SOL tokens into the Kraken exchange, aiming to boost liquidity and accessibility in the meme coin market.

A Major Liquidity Move for Meme Coins

Pump.fun deposited 90,000 Solana tokens into Kraken to increase liquidity and facilitate trading for meme coins. This on-chain transaction, reported by analyst @EmberCN on **X**, reflects Pump.fun’s strategy to solidify its presence in the crypto market.

Impact on the Solana Ecosystem

Pump.fun’s active financial strategy positively influences the Solana ecosystem. Increasing liquidity and trading activity on major exchanges promotes the adoption of Solana-based tokens and encourages the development of innovative projects within the ecosystem.

Financial Performance of Pump.fun

Pump.fun’s financial data reveal steady growth in the meme coin space. Total transaction fees have hit 1.092 million SOL, while the sold SOL volume stands at 709,000 SOL. These figures demonstrate Pump.fun’s position as a significant player in the market.

The deposit of 90,000 SOL on Kraken highlights Pump.fun’s efforts to strengthen its position within the Solana ecosystem and the meme coin market as a whole.