Pump.fun in the spotlight for $436M USDC transfer to Kraken

Pump.fun, the Solana-based memecoin launchpad, has come under intense scrutiny following a recent revelation of the transfer of more than $436 million in USDC to the Kraken cryptocurrency exchange. The movement, occurring since mid-October, has fueled speculation about potential cash-outs amid a wider slowdown in memecoin trading and a recent market downturn.

Source: invezz.com

Related symbols: PUMPUSD