Citing CryptoNinjas, Pump.fun has transferred $436.5 million USDC to Kraken since October 15, with $537.6 million subsequently moved to Circle via wallet DTQK7G. The platform also sold 4.19 million SOL (~$757 million) between May 2024 and August 2025, sparking community backlash and a sharp decline in the $PUMP token. Retail users are questioning transparency and project priorities as large asset movements coincide with reduced ecosystem activity.
Pump.fun Moves $436M USDC to Kraken Amid $PUMP Token Price Drop
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