The post Explaining PUMP’s 5% gain amid $148.8M exchange transfer appeared on BitcoinEthereumNews.com. Pump.fun’s [PUMP] revenue has remained stable over the pastThe post Explaining PUMP’s 5% gain amid $148.8M exchange transfer appeared on BitcoinEthereumNews.com. Pump.fun’s [PUMP] revenue has remained stable over the past

Explaining PUMP’s 5% gain amid $148.8M exchange transfer

Pump.fun’s [PUMP] revenue has remained stable over the past three months despite shifting market conditions.

At press time, revenue stood at approximately $1.59 billion, consistently holding above the $1 billion mark, even as the broader market declined sharply from its $7 million peaks.

Source: TheBlock

At the same time, the network fees jumped to $913 million, with a weekly average of $6 million, reflecting high usage. 

With revenue and network fees holding steady, Pump.fun has accelerated its deposits into exchanges.

Pump.fun moves $148M to exchanges

According to Lookonchain, Pump.fun deposited an additional $148.48 million in stablecoins from its PUMP ICO sales into Kraken.

Since the 15th of October, the platform has transferred a total of $844.8 million in stablecoins to Kraken. Over the same period, $1.35 billion in USDC has flowed from Kraken to Circle.

Source: Arkham

These continued transfers to exchanges suggest large-scale treasury management and fiat off-ramping mechanics. 

Thus, Kraken has acted as the liquidity bridge, and Circle is the settlement endpoint reflecting the relationship between memecoin platforms and real liquidity.

In previous instances, Pumpfun has sold some of these funds and used most of the proceeds to provide liquidity. For now, the team has not yet cashed out any of the funds moved.

If they end up sold, their impact on the market will shift from neutral to negative, potentially adding downside pressure.

PUMP holds firm!

Interestingly, although Pump.fun made a significant deposit into exchanges, it has had no negative impact on PUMP’s market conditions. On the contrary, the altcoin signaled a recovery from the recent market correction.

PUMP faced rejection at $0.0027 a week ago and retraced to a low of $0.0020. However, the altcoin found support at this level and closed with a higher high for four consecutive days, touching a high of $0.0026.

At press time, PUMP traded at $0.0025, up 5.8% on the daily charts. At the same time, its Trading Volume climbed 35% to $243 million, signaling a recovery in on-chain activity and rising bullish momentum.

Source: TradingView

The altcoin’s Relative Strength Index (RSI) has climbed from 49 to 56, moving into the bullish zone. This shift signals that buyers have stepped in, displacing sellers from the market.

As a result, upward momentum has strengthened, with the Stochastic Momentum Index (SMI) making a bullish crossover at 21.

Such moves in momentum indicators typically validate the strength of a trend and point to its potential continuation.

If sentiment remains supportive, PUMP is likely to retest the $0.0027 resistance and aim for $0.003. However, if concerns arise from recent Pump.fun exchange deposits, the token could retrace toward $0.0020.


Final Thoughts

  • Pump.fun deposits $148.48 million in stablecoins obtained from PUMP ICO sales into Kraken.
  • PUMP successfully held $0.0020 support and surged 5.8% to a local high of $0.0026 before retracing to $0.0025 at press time. 
Next: ‘2026 will be Ethereum’s year’ – Can ETH hit $40K by 2030?

Source: https://ambcrypto.com/assessing-how-pump-rose-5-8-despite-148m-exchange-move/

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