In response to Lookonchain's "Pump.fun project party suspected to have withdrawn over $400 million in a week", Pump.fun co-founder and CTO Dylan Kerler responded on social media that the company did not withdraw any funds and did not participate in the so-called Kraken and Circle transactions.
Dylan Kerler said that the relevant funds transfer is a fund management operation of the Pump.fun, transferring the USDC obtained by the PUMP ICO to different wallets so that the company can reinvest the working funds in business development.
Pump.fun denied "cashing out $400 million", saying the transfer was a corporate fund management operation
2025-11-25 04:15:49
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