Rewards Hub Pump Fun has transferred 75 million USDC to Kraken, according to monitoring by EmberCN. This transaction is part of a larger movement of 480 million USDC to Kraken over the past 12 days, all acquired through ICO sales since November 15. The Pump Fun team has stated that these transfers are intended for diversification and reinvestment into the business, rather than withdrawals.
Interestingly, shortly after the latest deposit, 69.26 million USDC was moved from Kraken to Circle. This series of transactions highlights Pump Fun's ongoing strategy to manage its USDC holdings actively.
Pump Fun Transfers $75 Million USDC to Kraken, Moves $69.26 Million to Circle
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