PANews reported on November 27 that, according to on-chain analyst Yu Jin, pump.fun transferred another 75 million USDC to Kraken 8 hours ago. In the 12 days since November 15, they have transferred a total of 480 million USDC obtained from ICO sales to Kraken.
A few days ago, members of the pump.fun team said that they did not withdraw any funds, but simply distributed the USDC obtained from the ICO sales so that the company could reinvest it in its business.
However, as soon as their 75 million USDC entered Kraken early this morning, 69.26 million USDC were subsequently transferred from Kraken to Circle (the USDC issuer).
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.