pump.fun moves another 75M USDC to Kraken, making it $480M total moved in just 12 days.

Pump.fun, the Solana-based memecoin launchpad, has drawn fresh scrutiny after on-chain analyst EmberCN reported another $75 million in USDC was moved to Kraken, bringing the total transferred over 12 days to about $480 million. Crypto.news says the project has denied that these transfers are a cash-out, arguing they are part of treasury management involving USDC raised in its token sale rather than a withdrawal of operating funds. The context is a broader wave of attention around Pump.fun’s wallet activity, with prior on-chain reports alleging hundreds of millions of dollars in USDC had been sent to Kraken over recent weeks. The dispute matters because Pump.fun is one of the most prominent memecoin launchpads on Solana, so large exchange-bound transfers can affect perceptions of its finances, token economics, and credibility at a time when the project is already facing legal and market pressure.

✨ AI-generated background, compiled from web sources — not editorial content.

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