Based on Biji.com, on November 24, Pump.fun transferred 405 million USDC to Kraken in the past week. During the same period, 466 million USDC was moved from Kraken to Circle, the issuer of USDC, suggesting potential cash-out activity. The funds originated from a $PUMP token private sale to institutions in June, at a price of $0.004 per token. The current price of $PUMP has now fallen below the private sale price.
Pump.fun Transfers $405M USDC to Kraken, $466M Moved to Circle in Same Week
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