USDC Flows to Kraken: Pump.fun Moves 75 Million USDC as 555 Million USDC from ICO Sales Transferred to Kraken Since Nov 15

COINOTAG News, citing Chainalysis, reports that pump.fun transferred 75 million USDC to Kraken two hours ago. This on-chain activity highlights persistent liquidity movements into major exchanges and may reflect treasury management or liquidity positioning rather than isolated trades, according to analysts reviewing the data.

Since November 15, approximately 555 million USDC, sourced from ICO proceeds, has been routed to Kraken over the past two weeks. The scale suggests institutional-style treasury operations and exchange custody activity, per Chainalysis observations referenced by COINOTAG. Readers should monitor further disclosures from the involved entities and regulatory filings, as large stablecoin transfers can influence liquidity dynamics without implying imminent price moves.