TechFlow news, November 27 — According to on-chain analyst EmberCN (@EmberCN), 8 hours ago Pump.fun transferred another 75 million USDC to Kraken. Over the past 12 days since November 15, Pump.fun has cumulatively transferred 480 million USDC—raised through token sales—to Kraken.
Monitoring data shows that after this 75 million USDC was transferred to Kraken, 69.26 million USDC was immediately moved from Kraken to Circle (the issuer of USDC).
Previously, the Pump.fun team stated that these fund transfers were not withdrawals but part of a strategy for distributed capital management to reinvest in business operations.
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