Solana's Pump.Fun, a prominent meme coin launchpad, transferred another $22 million worth of Solana to the Kraken exchange, raising concerns among crypto users that the platform might be 'dumping' assets, potentially affecting Solana's price negatively. This recent outflow adds to over $220 million in revenue generated since Pump.Fun's inception in January 2024. The co-founder of Pump.Fun, Alon, addressed the allegations, reminding that moving assets to exchanges does not always indicate intent to sell. This comes amidst ongoing speculation about whether the platform is using Solana for leveraged trading or simply selling it off. The ongoing situation has drawn criticism from the community, citing potential damage to Solana's value amid fears of the project's negative influence on the broader market. Despite these challenges, Solana has remained resilient, showing impressive growth in daily transactions on decentralized exchanges (DEX) during November.

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