According to EmberCN monitoring on November 24, a significant on-chain movement shows 405 million USDC deposited into Kraken by the pump. fun team over the past week, a pattern market observers flag as a potential cash-out signal. During the same window, 466 million USDC were transferred from Kraken to Circle, the USDC issuer, a transfer aligned with liquidity realignment rather than new issuance. Sources trace the funds to a June institutional private sale of PUMP at $0. 004 per token; the move underscores a funding channel previously disclosed to institutional investors.
https://bitcoinethereumnews.com/tech/usdc-transfers-hint-at-cash-out-for-pump-fun-as-405m-usdc-moves-to-kraken-and-466m-usdc-to-circle/
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