TechFlow news, November 25 — In response to Lookonchain's report claiming that Pump.fun project parties allegedly withdrew over $400 million within a week, Dylan Kerler, co-founder and CTO of Pump.fun, stated on social media that the company has not cashed out any funds, nor participated in any transactions involving Kraken or Circle.
Dylan Kerler explained that the fund transfers were part of Pump.fun's treasury management operations, moving USDC obtained from the PUMP ICO into different wallets so the company could reinvest operating capital into business development.




