FTX/Alameda and Pump.Fun: SOL Redemptions, Transfers, and Impressive Revenue Generation

Three hours ago, FTX/Alameda completed its latest monthly Solana (SOL) redemption, releasing 182,421 SOL worth $32.35 million.

These tokens were unpledged and distributed across 20 different addresses.

Since November last year, FTX/Alameda’s staking address has redeemed and transferred a total of 4.445 million SOL, valued at approximately $516.88 million. The average transfer price during this period has been $116.2 per SOL. Currently, the staking address still holds 6.47 million SOL, valued at $1.18 billion, in active staking.

FTX/Alameda 在 3 小时前进行了每月一次的 SOL 赎回转出：从质押中赎回了 182,421 枚 SOL ($32.35M) 并分发到 20 个地址。

FTX/Alameda 质押地址从去年 11 月以来，通过上面这种方式累计赎回并转出了 444.5 万枚 SOL ($516.88M)，转出均价 $116.2。

目前 FTX/Alameda 质押地址还有 647 万枚 SOL… https://t.co/titIt1Gulx pic.twitter.com/hI3km93cy3

— 余烬 (@EmberCN) January 14, 2025

Pump.Fun has continued its strategy of selling SOL after accumulating transaction fees. In the past six days, the platform saved 122,600 SOL in fees, valued at $21.65 million, which were transferred to Kraken six hours ago.

pump. fun 现在是攒点手续费就卖，他们过去 6 天攒的 12.26 万枚 SOL ($21.65M) 手续费在 6 小时前又转进 Kraken 了。

pump. fun 推出到现在快一年了，他们总共获得了 224 万枚 SOL 的手续费收入。这其中的 212.3 万枚 SOL ($411.6M) 已被在链上出售或转进 Kraken，出售综合均价约 $194。这比现在的… https://t.co/mXos0ecAwy pic.twitter.com/gImgqMgWlm

— 余烬 (@EmberCN) January 14, 2025

Since its launch nearly a year ago, Pump.Fun has earned a staggering 2.24 million SOL in transaction fees. Out of these, 2.123 million SOL, worth $411.6 million, have been sold on-chain or transferred to Kraken. The average selling price for these tokens has been approximately $194, significantly higher than SOL’s current market value.

Generating more than $400 million in annual revenue, Pump.Fun has proven itself to be a highly efficient and profitable blockchain-based operation. Its ability to consistently convert transaction fees into substantial revenue showcases its reputation as a “money-printing machine” within the ecosystem.

FTX/Alameda and Pump.Fun demonstrate the potential for significant gains in the Solana ecosystem through strategic staking, redemptions, and fee management, even amid fluctuating market conditions.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: solarseven/123RF // Image Effects by Colorcinch

The post FTX/Alameda and Pump.Fun: SOL Redemptions, Transfers, and Impressive Revenue Generation appeared first on The Merkle News.