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Pump.fun Transfers $75M USDC to Kraken
11/27/2025, 01:06
AI SUMMARY
●• Pump.fun moved 75M USDC to Kraken, totaling 480M in 12 days
●• Team claims funds are being diversified, not cashed out
●• Significant portion of funds was later transferred to Circle
The Pump.fun team has transferred an additional 75 million USDC to Kraken, bringing the total amount moved to 480 million USDC over the past 12 days.
While the team claims these movements are for diversification rather than cashing out, on-chain tracking indicates that a significant portion of the funds subsequently moved to Circle, raising discussions about the project's treasury management strategy.