Citing TheCCPress, Pump.fun, a Solana-based meme coin project, has denied allegations of token dumping following $480 million in USDC transfers to Kraken between November 15 and 27, 2025. The project's leadership, including co-founder Sapijiju, stated the transfers are part of treasury management and not a cash-out. The PUMP token has dropped by around 38% in November amid investor skepticism and market concerns.
Pump.fun Denies Token Dump Allegations Amid $480M USDC Transfers to Kraken
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