11.2B PUMP tokens worth $21.22M moved to Kraken from a treasury-linked wallet; transfer equals 1.12% of total supply.
A wallet associated with the PUMP core treasury transferred 11.2 billion PUMP tokens to the cryptocurrency exchange Kraken about one hour ago.
Based on recent prices, the transfer is valued at approximately $21.22 million and represents around 1.12% of the token’s total supply.
The movement was identified through publicly available blockchain data and quickly circulated among market observers.
Treasury-Linked Wallet Sends 11.2 Billion Tokens
On-chain records confirm that the tokens were moved from a wallet previously tied to the PUMP core treasury.
The transaction shows a direct transfer to a Kraken deposit address, which is commonly used for exchange inflows.
Such transfers are typically visible in real time and can be tracked through blockchain explorers.
The 11.2 billion PUMP tokens account for roughly 1.12% of the project’s total supply. At current market valuations, the transferred amount is estimated at $21.22 million.
While exchange inflows can sometimes precede trading activity, no official statement has indicated that the tokens are intended for sale.
Market participants often monitor large treasury-linked movements because they can affect liquidity conditions.
However, exchange transfers can also relate to custody changes, structured distributions, or operational needs rather than open market transactions.
Wallet History Traces Back to Launch Allocation
Blockchain data shows that the same wallet received 20 billion PUMP tokens during the project’s launch period in July last year.
At that time, the allocation represented approximately 2% of the total token supply. The transfer formed part of the project’s initial distribution framework.
The historical allocation and the recent movement are directly connected through the same wallet address.
This continuity allows observers to verify the source of the tokens without relying on third-party disclosures. The transparency of blockchain records enables independent confirmation of token flows.
The earlier allocation did not immediately result in visible exchange transfers at the time of listing. The recent movement to Kraken marks one of the largest transfers from that wallet since the initial distribution event.
Related Reading: Pumpfun Whale Dumps 3.37B PUMP for $7.23M – Only $788K Left
Team Statement Points to Locked Token Distribution
Alliance core builder Jacob Franek addressed the development in a public post.
He stated that the Pump.fun team is distributing locked tokens to selected parties, including Alliance.
According to Franek, all distributed tokens remain subject to vesting restrictions.
The statement suggests that the transfer may be linked to a structured allocation process rather than unrestricted circulation.
Vesting restrictions generally limit immediate token sales and define timelines for gradual release. Specific vesting terms were not detailed in the post.
The PUMP team has not announced changes to total supply or token structure in connection with the transfer.
Market participants continue to monitor exchange wallets and on-chain data for additional movements related to the distribution process.
Source: https://www.livebitcoinnews.com/pump-transfers-1-12-supply-to-kraken-whats-happening/
