Pump.fun sends 76,111 SOL to Kraken amid fee-model pressure
A 76,111 SOL transfer put roughly $6.85 million of Solana liquidity on Kraken as criticism of Pump.fun’s fees intensified.
A 76,111 SOL transfer put roughly $6.85 million of Solana liquidity on Kraken as criticism of Pump.fun’s fees intensified. Solana (SOL) is trading at ₹8,562 ($90.57). This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Fri, 06 Nov 2026 17:00:02 UTC.
The deposit places a material amount of SOL on a centralized exchange, although the transfer alone does not establish that the tokens were sold. It also highlights competitive pressure on Pump.fun’s fee model as traders consider Robinhood an alternative.
- Pump.fun transferred 76,111 SOL, valued at about $6.85 million
- Crypto.news said the movement followed a 15-day pause
- Traders criticized Pump.fun’s fees and pointed toward Robinhood
- SOL trades at $90.64, down 4.06% over seven days
- Pump.fun Integrates Arbitrum, Adding USDC Trading Support Amidst Market Pressure
- Pump.fun sends 76,111 SOL to Kraken amid fee-model pressure — this brief
Crypto.news reported that 
Pump.fun moved 76,111 SOL, worth approximately $6.85 million, to Kraken. The outlet cited an on-chain update from Lookonchain dated Nov. 6 and said the movement followed a 15-day pause. The reported destination and amount were not independently corroborated by another outlet in the supplied coverage.
The transfer came amid criticism of Pump.fun’s fee structure. Crypto.news also reported that some traders viewed Robinhood as a potential challenger, reflecting dissatisfaction with the existing platform rather than a confirmed change in market leadership. Robinhood’s reported total value locked was $570.1 million, down 2.4% over seven days according to DeFiLlama.
The Kraken deposit puts the SOL on an exchange where holders can trade or withdraw it, but the available information does not show whether Pump.fun sold the tokens, supplied liquidity for another purpose or was simply repositioning funds. The on-chain amount therefore should not be treated as proof of a sale or of any particular market outcome.
Solana was priced at $90.64, up 0.32% over 24 hours but down 4.06% over seven days, with a $53.5 billion market capitalization. Pump.fun’s PUMP token traded at $0.0040439, up 2.25% over 24 hours and 0.28% over seven days, while its market capitalization stood at $1.86 billion. Across the broader crypto market, capitalization was $2.62 trillion and broadly flat; 
Bitcoin fell 0.34% over 24 hours, while the Fear & Greed index registered 28, indicating fear.
The development keeps attention on whether the reported SOL movement is followed by exchange supply changes and whether traders’ pressure over fees produces greater use of competing services. In the near-term market context, SOL’s seven-day decline contrasts with PUMP’s modest gains, while the broad market remains subdued and sentiment stays in fear territory.
Since this brief published about 59 minutes ago, Solana (SOL) has moved from ₹8,568.84$90.64 to ₹8,562.22$90.57 — -0.08%.
The chart plots SOL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₹9,351.35 (about $90.57), up 0.3% over 24 hours. The rupee itself trades about 9.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 6, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Pump.fun sends 76,111 SOL to Kraken amid fee-model pressure — questions & answers
How much SOL did Pump.fun send to Kraken?
Crypto.news reported a transfer of 76,111 SOL worth approximately $6.85 million, citing Lookonchain data from a Nov. 6 update.
Did Pump.fun sell the transferred SOL?
The available information does not establish that the tokens were sold. The transfer only confirms that the SOL was deposited to Kraken.
Why were traders pointing to Robinhood?
Traders were criticizing Pump.fun’s fee model and identifying Robinhood as a potential challenger, according to Crypto.news.
What was Solana’s seven-day market performance?
SOL was down 4.06% over seven days and traded at $90.64, according to the supplied live market data.
How much is 1 Solana worth in rupee today?
About ₹9,351.35 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $90.57. The rupee price moves with both SOL's US-dollar price and the USDT/INR rate; use our Solana in rupee page for any amount.
Has Solana's price moved since this brief was published?
SOL is down 0.08% since this brief first published — trading at ₹8,562 ($90.57) now versus ₹8,569 ($90.64) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.