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2025-11-24 15:05:28

Pump.fun Denies USDC Cashout via Kraken as PUMP Token Slides to 2025 Lows

Pump.fun has denied any cashout of USDC through Kraken, clarifying that the $435.6 million transfer was part of treasury management from its PUMP token ICO proceeds. The team emphasized no funds were liquidated, countering suspicions from on-chain analysis. Pump.fun wallets transferred $435.6M USDC to Kraken for internal treasury operations, not cashouts. The platform's team refuted [...]

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