Pump.fun denied that the project cashed out USDC through Kraken.
2025-11-25 04:09:42
Responding to Lookonchain's comment that "Pump.fun have cashed out at least 436.50 million USDCs through Kraken since October 15", Pump.fun co-founder Sapijiju said: "This is completely false news and Pump.fun never cashed out (i.e. the Kraken-Circle transaction that Lookonchain alleges Pump.fun involved in). The reality is that this is part of Pump.fun money management and the USDCs from PUMP IC0 have been transferred to different wallets to reinvest the company's working capital in the business. Pump.fun have never worked directly with Circle."
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