Pump.Fun, associated with Solana, has transferred an additional $22 million worth of Solana tokens to the Kraken exchange.
This move has sparked concerns among crypto users who fear a potential "dump" on the market might occur due to significant token movement.
The platform’s founder, however, claims that not all transferred tokens are intended for sale, aiming to alleviate some of the panic.
The situation highlights ongoing distrust and sensitivity within the cryptocurrency community, especially throughout major token transactions.