The team behind the Solana-based memecoin launchpad Pump.fun transferred 11.2 billion PUMP tokens, valued at approximately $21.22 million, to the Kraken exchange. This transaction represents roughly 1.12% of the total PUMP supply and originated from a wallet closely linked to the Pump core treasury.
112 亿枚 $PUMP ($2122 万) 在 1 小时前从 pump 核心金库关联钱包转进 Kraken，占到 PUMP 总供应量的 1.12%。
这个钱包在去年 7 月 $PUMP 刚上市时从 pump 核心金库钱包收到 200 亿枚 PUMP，为 PUMP 总供应量的 2%。https://t.co/bG42DWoVlZ… pic.twitter.com/juFGmPR2YE
— 余烬 (@EmberCN) February 26, 2026
On-chain data shows these tokens are meant for early strategic partners and contributors who helped Pump.fun grow quickly in the Web3 space. Jacob Franek, a core builder at Alliance, confirmed on X that the Pump.fun team is now distributing locked tokens to selected groups.
Franek noted that Alliance is among the recipients of these funds. He further clarified that all distributed tokens remain subject to strict vesting restrictions to prevent immediate market liquidation and ensure long-term alignment with the project’s growth.
Strategic allocations and treasury movements
The wallet involved in today’s transfer has a documented history of handling significant portions of the protocol’s inventory. When PUMP was initially listed in July 2025, this specific address received 20 billion tokens—about 2% of the total supply—directly from the Pump core treasury. The recent move to Kraken suggests the platform is now utilizing centralized infrastructure to facilitate the seamless delivery of these assets to global stakeholders.
By routing the 11.2 billion PUMP through Kraken, the team can manage the distribution process efficiently while maintaining a clear audit trail on the blockchain. This level of activity is typical for maturing protocols that must transition from internal treasury management to fulfilling contractual obligations with early backers and incubators like Alliance DAO.
The growth of Solana launchpads
This distribution occurs at a time when Solana-based platforms continue to dominate the retail trading landscape. Pump.fun has emerged as a primary engine for token creation, significantly lowering the barrier to entry for developers and crypto enthusiasts to launch new projects. The platform’s success has mirrored the broader trend of “User-Owned AI” and decentralized finance tools that prioritize community participation over traditional venture capital models.
As previously reported by DeFi Planet, the regulatory environment for such digital assets is tightening, particularly in the EU. The decision to enforce vesting schedules on these multi-million dollar distributions reflects a commitment to market stability. It ensures that even as early partners receive their stake, the influx of liquidity does not overwhelm the existing support levels for the PUMP token.
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