TechFlow, on November 24, according to on-chain analyst Ember (@EmberCN), the Pump.fun project team transferred 405 million USDC to the Kraken exchange over the past week. During the same period, 466 million USDC was moved from Kraken to Circle (the issuer of USDC),疑似 indicating a withdrawal operation.
It is reported that these funds originated from Pump.fun's private sale of $PUMP tokens to institutions in June this year, when the private placement price was $0.004. The token's current price has since fallen below the private sale level.
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