Pump.fun, the crowned king of memecoins on the Solana blockchain, has just been spotted making a massive cash dash, over 436 million USDC flown out since mid-October.
436.5 million shiny digital dollars skipped town, leaving the community scratching its heads and muttering about cryptic financial wizardry, or outright panic.
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Crypto sleuths at Lookonchain uncovered Pump.fun’s money marathon, tracing a hefty swag of USDC straight to Kraken.
From there, nearly 538 million USDC waltzed onwards to Circle, another big name in the game.
EmberCN, a keen analyst, thinks this dance is mostly a withdrawal move, not some cryptic shuffle from thin air.
pump. fun ( @Pumpfun ) 项目方这是出金买大别野了吗🥹
最近一周时间里，pump. fun 项目方把 4.05 亿 USDC 转进了 Kraken。然后同期时间里 4.66 亿的 USDC 从 Kraken 转到 Circle (USDC 发行方)，这很可能是进行了出金。
这些钱是 pump. fun 6 月份向机构私募销售 $PUMP … pic.twitter.com/16Z7GZ45XZ
— 余烬 (@EmberCN) November 24, 2025
Fun fact, these mega funds allegedly come from June’s private fundraising round where institutional hotshots grabbed 18% of Pump.fun’s 1 trillion PUMP tokens at a steal, about 0.004 bucks each.
Another round, snatched up faster than concert tickets, hauled in a cool 500 million.
Unloading a truckload of Solana tokens
But there’s more chaos in this crypto carnival. As analysts highlighted, between May 2024 and August 2025, Pump.fun decided to unload a truckload of Solana tokens, about 4.19 million SOL, raking in $757 million.
Some of that loot, 3.93 million SOL, found its way directly into Kraken’s coffers.
According to reports, about 264,373 SOL hit the blockchain directly, making a neat $41.64 million.
Rigging the game?
The community’s been left hanging with Pump.fun’s social media radio silence, a ghost town causing jitters in investor ranks.
No tweets, no updates, just crickets and a growing cloud of uncertainty. Ain’t fun you know.
Throw in the experimental “Mayhem Mode,” an AI-driven trading bot designed to spice up newbie tokens’ first day on the blockchain, and you’ve got the recipe for mixed reviews.
Users call it a PvP showdown against Pump.fun’s own bots, fun tech or a house rigging the game? Remember, the house always wins.
Oh, and the PUMP token? It’s not exactly throwing a party in the markets, tumbling 22% last week to trade around 0.00262 USDC.
Looks like the hype train’s lost a few wheels, and people are wondering if Pump.fun is packing up shop or just plotting its next move.
