Pumpfun Faces Accusations Amid Large USDC Transfers and Falling Token Price

Pumpfun is under renewed scrutiny as on-chain analysts flag massive USDC transfers allegedly tied to its ICO treasury, fueling accusations of price manipulation. According to blockchain monitoring platform EmberCN, the project moved 75 million USDC to Kraken within eight hours, bringing total transfers to 480 million USDC.

Source: tokenpost.com

Related symbols: PUMPUSD