On-chain analysis reports that the pump.fun project team and associated entities have transferred significant sums of USDC to Kraken. Initial reports indicated a transfer of 405 million USDC to Kraken over the past week, with a concurrent 466 million USDC moving from Kraken to Circle, suggesting a major cash-out event. These funds are believed to be proceeds from the project's private token sales. Updated reports from Lookonchain reveal that the total amount cashed out by an entity linked to the PUMP token project has reached at least 436.5 million USDC since October 15. The capital flow consistently moves from the wallet to Kraken, and subsequently to the issuer Circle for redemption. The funds reportedly originate from a wallet that sold PUMP tokens acquired during an early private sale at approximately $0.004 per token. This substantial liquidity exit represents one of the largest recent cash-outs by a project insider. [Update 1] New data indicates the total cash-out figure has reached over $436.5 million USDC since mid-October, originating from early private sale participants.