The post Pump.fun Faces Scrutiny After Alleged USDC Cash Out appeared on BitcoinEthereumNews.com. According to on-chain reports, Pump.fun, the leading meme coin on the Solana (SOL) blockchain, has allegedly cashed out over 436 million USDC since mid-October. These withdrawals raise questions about Pump.fun’s financial strategy at a time when its community management has gone silent and user confidence and token price are wavering. Pump.fun Sparks Concers After Alleged USDC Cashout On-chain data indicates a significant outflow of capital associated with Pump.fun. Lookonchain reported that, since October 15, Pump.fun transferred 436.5 million USDC to the crypto exchnage Kraken. Sponsored Sponsored Over the same period, 537.6 million USDC moved from Kraken to Circle through the wallet identified as DTQK7G. Analyst EmberCN suggested that this activity is most likely a withdrawal. The analyst also noted that these funds originate from Pump.fun’s sale of the PUMP tokens to institutional investors in June. In that private sale, 18% of the total 1 trillion PUMP supply was allocated to institutional buyers at a fixed price of 0.004. This was followed by a public sale that concluded in just 12 minutes, raising 500 million. Additionally, Lookonchain noted that the platform offloaded substantial Solana (SOL) holdings in the past months. “Between May 19, 2024, and Aug 12, 2025, Pump.fun sold a total of 4.19 million SOL ($757 million) at an average price of $181. Of that amount, 264,373 SOL was dumped on-chain for $41.64 million, while 3.93 million SOL ($715.5 million) was deposited into Kraken,” the post read. Notably, Pump.fun’s silence on X has contributed to the uncertainty. The account has not posted anything for around 10 days, leaving users without updates. This lack of communication has further intensified questions about the platform’s direction and ongoing commitment. The newly launched Mayhem Mode has also caused user disappointment. The experimental feature is designed to boost activity for newly created tokens by using… The post Pump.fun Faces Scrutiny After Alleged USDC Cash Out appeared on BitcoinEthereumNews.com. According to on-chain reports, Pump.fun, the leading meme coin on the Solana (SOL) blockchain, has allegedly cashed out over 436 million USDC since mid-October. These withdrawals raise questions about Pump.fun’s financial strategy at a time when its community management has gone silent and user confidence and token price are wavering. Pump.fun Sparks Concers After Alleged USDC Cashout On-chain data indicates a significant outflow of capital associated with Pump.fun. Lookonchain reported that, since October 15, Pump.fun transferred 436.5 million USDC to the crypto exchnage Kraken. Sponsored Sponsored Over the same period, 537.6 million USDC moved from Kraken to Circle through the wallet identified as DTQK7G. Analyst EmberCN suggested that this activity is most likely a withdrawal. The analyst also noted that these funds originate from Pump.fun’s sale of the PUMP tokens to institutional investors in June. In that private sale, 18% of the total 1 trillion PUMP supply was allocated to institutional buyers at a fixed price of 0.004. This was followed by a public sale that concluded in just 12 minutes, raising 500 million. Additionally, Lookonchain noted that the platform offloaded substantial Solana (SOL) holdings in the past months. “Between May 19, 2024, and Aug 12, 2025, Pump.fun sold a total of 4.19 million SOL ($757 million) at an average price of $181. Of that amount, 264,373 SOL was dumped on-chain for $41.64 million, while 3.93 million SOL ($715.5 million) was deposited into Kraken,” the post read. Notably, Pump.fun’s silence on X has contributed to the uncertainty. The account has not posted anything for around 10 days, leaving users without updates. This lack of communication has further intensified questions about the platform’s direction and ongoing commitment. The newly launched Mayhem Mode has also caused user disappointment. The experimental feature is designed to boost activity for newly created tokens by using…