Citing Crypto.News, Pump.fun moved an estimated $615 million off-chain in Q4 2025, reigniting debate over whether its profits are legitimate or represent excessive value extraction from users. The Solana-based meme coin launchpad generated $74.1 million in Q4 2025 revenue, with lifetime revenue reaching $935.6 million. Critics compare the platform to a 'shovel seller' in a gold rush, while supporters argue users voluntarily participate. Pump.fun reportedly deposited $50,000 to Kraken in the past 24 hours, and its co-founder denied claims of selling $436 million in USDC, stating the transfers were part of routine treasury management.
Pump.fun Transfers $615M in Q4 2025, Reigniting Debate on Profit Legitimacy
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Summary
Pump.fun moved $615 million off-chain in Q4 2025, according to on-chain news sources, sparking renewed debate over its profit legitimacy. The Solana-based meme coin news platform reported $74.1 million in quarterly revenue, with lifetime earnings hitting $935.6 million. Critics liken it to a 'shovel seller' in a gold rush, while supporters say users act voluntarily. Pump.fun deposited $50,000 to Kraken recently, and a co-founder denied selling $436 million in USDC, calling the transfers routine treasury management.
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