PANews reported on November 27 that, according to on-chain analyst Yu Jin, pump.fun transferred another 75 million USDC to Kraken 8 hours ago. In the 12 days since November 15, they have transferred a total of 480 million USDC obtained from ICO sales to Kraken.

A few days ago, members of the pump.fun team said that they did not withdraw any funds, but simply distributed the USDC obtained from the ICO sales so that the company could reinvest it in its business.

However, as soon as their 75 million USDC entered Kraken early this morning, 69.26 million USDC were subsequently transferred from Kraken to Circle (the USDC issuer).