According to EmberCN monitoring on November 24, a significant on-chain movement shows 405 million USDC deposited into Kraken by the pump.fun team over the past week, a pattern market observers flag as a potential cash-out signal.
During the same window, 466 million USDC were transferred from Kraken to Circle, the USDC issuer, a transfer aligned with liquidity realignment rather than new issuance.
Sources trace the funds to a June institutional private sale of PUMP at $0.004 per token; the move underscores a funding channel previously disclosed to institutional investors.
Pump.fun‘s official X account has been silent for more than a week, and founder Alon‘s X activity last appeared on November 12, leaving observers awaiting further updates.
Source: https://en.coinotag.com/breakingnews/usdc-transfers-hint-at-cash-out-for-pump-fun-as-405m-usdc-moves-to-kraken-and-466m-usdc-to-circle
