Pump.fun’s Massive $436M ‘Cash-Out’ Turns Heads as Memecoin Mania Fades
7 Articles
7 Articles
Pump.fun Moves $436 Million to Kraken as Memecoin Winter Sets In
Solana memecoin launchpad Pump.fun has transferred more than $436.5 million in USDC to crypto exchange Kraken since mid-October, according to on-chain data from Lookonchain. From the total, $436.5 million, $405 million was deposited in the last seven days alone. The transfers came at a time of high decline in memecoin trading volumes and a general retreat in speculative activity on Solana following a $19 billion market-wide dip on October 15, 20…
Did Pump.fun Really Cash Out $436M? Co-Founder Breaks Silence
The post Did Pump.fun Really Cash Out $436M? Co-Founder Breaks Silence appeared on BitcoinEthereumNews.com. Key Insights: Pump.fun co-founder denies $436 million cash-out allegations from Lookonchain. Sapijiju claims USDC transfers represent treasury management, not selling. The platform has moved $436.5 million USDC to Kraken since October 15. Pseudonymous Pump.fun co-founder Sapijiju rejected claims that the project cashed out more than $436 m…
Pump.fun’s $436M Withdrawal Sparks Alarm as Memecoin Momentum Fades
Pump.fun moved $436M in USDC to Kraken after October’s crypto market crash. Platform revenue fell 53% as memecoin demand and retail activity declined. The PUMP token dropped further despite large reserves and new AI Mayhem Mode. Pump.fun, the Solana-based memecoin launchpad, has withdrawn more than $436 million in stablecoins following the record October crypto market crash that disrupted trading activity and reduced the platform’s monthly reven…
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