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

ambcryptoPublicado a 2026-01-13Actualizado a 2026-01-13

Resumen

Pump.fun's revenue has remained stable at approximately $1.59 billion, with network fees reaching $913 million, indicating strong platform usage. The project deposited an additional $148.48 million in stablecoins from its PUMP ICO sales into Kraken, continuing a pattern of large-scale treasury management. Despite these significant transfers, the PUMP token showed resilience, gaining 5.8% to trade at $0.0025. It found support at $0.0020 and exhibited rising bullish momentum, with increased trading volume and positive signals from momentum indicators like the RSI. If sentiment holds, PUMP may retest the $0.0027 resistance level.

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.

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.

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.

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.

Preguntas relacionadas

QWhat was the amount of stablecoins that Pump.fun recently deposited into Kraken, and what was the total amount transferred since October 15th?

APump.fun recently deposited an additional $148.48 million in stablecoins into Kraken. Since October 15th, the platform has transferred a total of $844.8 million in stablecoins to the exchange.

QDespite a significant transfer to exchanges, what was the price performance of the PUMP token at press time?

AAt press time, the PUMP token traded at $0.0025, which was a gain of 5.8% on the daily charts, signaling a recovery.

QWhat key technical indicators are mentioned that suggest a strengthening bullish momentum for PUMP?

AThe Relative Strength Index (RSI) climbed from 49 to 56, moving into the bullish zone, and the Stochastic Momentum Index (SMI) made a bullish crossover at 21, validating the strength of the upward trend.

QWhat are the two potential price targets for PUMP mentioned in the article, and what is the condition for each?

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

QWhat does the article state about the current status of the funds that Pump.fun moved to exchanges?

AThe article states that the Pump.fun team has not yet cashed out any of the funds moved to exchanges. If they are eventually sold, it would shift their impact on the market from neutral to negative, potentially adding downside pressure.

Lecturas Relacionadas

Is the Sharp Decline Over? Let the Data Speak

**Has the Sharp Decline Ended? Let Data Speak** Bitcoin's recent significant drop has placed short sellers in a precarious position. Three concurrent pressures—sustained outflows from ETFs, miners offloading coins to exchanges, and short-term holders capitulating—pushed the price near $63k. The asset fell 13% this week and 21% this month, roughly halving from its all-time high. A critical data point is the extremely crowded short positioning, with a short-to-long ratio reaching 8:1, representing nearly $100 billion in short interest overhead. This creates conditions for a potential short squeeze if selling pressure merely pauses, similar to the event in November 2022 which triggered a 24% rally. The selling pressures are real: spot Bitcoin ETFs have seen a record $5.4 billion outflow over 20 days. Short-term holders moved 53k loss-held BTC to exchanges in a day, and miners sent 24k BTC to Binance, a six-month high. Capital is also rotating towards AI and tech stocks like SpaceX, with $400 billion invested in AI infrastructure recently. However, on-chain data shows accumulation by long-term holders, who added 200k BTC in a month, and institutions/miners have absorbed 1.24 million BTC since 2023. This indicates strong buying beneath the surface. Key levels to watch are the $67k-$70k zone (2021 high & 2024 breakout point). A swift recovery above it suggests a leverage washout; failure could test $60k-$55k. The direction also hinges on ETF flow reversal. Currently, the S&P 500 hits new highs driven by AI, while Bitcoin and DeFi (TVL down from $173b to $73.9b) lag. The most probable path is a grinding basing process between $60k-$58k with continued ETF outflows. A less likely but explosive scenario involves a sudden flow reversal, a surge above $70k triggering a short squeeze, and a rally back above $76k. The immediate trigger depends on when the relentless selling pauses. A final cautionary note questions Bitcoin's correlation: if the high-flying U.S. stock market corrects, will Bitcoin once again miss the rally but not the decline?

foresightnews_apiHace 9 min(s)

Is the Sharp Decline Over? Let the Data Speak

foresightnews_apiHace 9 min(s)

Single-Day Plunge of 30%, Arthur Hayes Suddenly Liquidates: Why Did ZEC Get Exploded by Security Issues?

On June 5th, Zcash founder Zooko Wilcox disclosed a critical soundness vulnerability in the project's latest Orchard privacy pool. This flaw, found in the elliptic curve multiplication constraints, could allow an attacker to create unlimited counterfeit ZEC within the shielded pool, with transactions appearing valid. The vulnerability was discovered in late May by security researcher Taylor Hornby, who utilized Anthropic's new Opus 4.8 AI model for a targeted audit. The Zcash ecosystem had already performed an emergency network upgrade to patch the issue. However, the detailed disclosure triggered severe market panic, causing ZEC's price to plummet over 30% in a single day. Notably, prominent investor Arthur Hayes announced he had sold his entire ZEC position following the news. The incident starkly challenges the "technological trust" narrative central to privacy coins. Despite years of top-tier cryptographic audits, the bug persisted until uncovered with advanced AI-assisted research. This highlights the growing gap between theoretical perfection and practical implementation in privacy technology. The event serves as a industry-wide warning: in an AI-driven security landscape, the assumption that "undiscovered equals safe" is obsolete. It underscores the urgent need for continuous, proactive security practices combining AI audits, formal verification, and rapid response mechanisms.