As per Cryptonewsland, Pumpfun is under increasing scrutiny following the transfer of 75 million USDC to Kraken, bringing the total moved to 480 million USDC. Analysts note that Kraken subsequently sent 69.26 million USDC to Circle, raising concerns about potential sell-offs. Revenue has also dropped from $136 million in January to $38 million, reflecting declining user activity. The PUMP token has fallen over 40% in the last month, despite a buyback program launched in September. The team attributes the treasury movements to routine management, but market confidence remains fragile.
Pumpfun Faces Pressure as Massive USDC Transfers and Declining Revenue Raise Concerns
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