Pump.fun moves $6.85m SOL as traders favor Robinhood

Pump.fun has transferred 76,111 SOL worth approximately $6.85 million to Kraken after a reported 15-day pause, as traders have criticized its fee model and pointed to Robinhood as a potential challenger. Lookonchain identified the deposits in a Nov. 6 update, sharing an Arkham transaction view showing multiple Pump.fun fee accounts sending SOL to a wallet labeled as a Kraken deposit address. Its accompanying figures put the platform’s cumulative sales at 5,553,833 SOL. The Money Ape, a market commentary account, described the movement as ending 15 days of inactivity and said the funds traveled through an intermediary wallet. Pump.fun resumes SOL…