USDC on the Move: Pump.fun Transfers $480M to Kraken Over 12 Days, Then $69.26M to Circle
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COINOTAG News, citing on-chain data from Cinder Monitoring, reported a USDC transfer of 75 million to Kraken eight hours ago. This event forms part of a broader flow of stablecoin liquidity moving into the exchange.
In the 12 days since November 15, cumulative USDC inflows to Kraken tied to ICO proceeds have reached about 480 million, signaling sustained liquidity shifts within crypto markets.
A team member previously said no cash-out occurred and that ICO-raised USDC was redeployed to support business operations. Nonetheless, after the 75 million USDC arrived at Kraken, roughly 69.26 million USDC was routed from Kraken to Circle.
The sequence underscores ongoing on-chain liquidity redistribution among major actors, with Kraken and Circle executing near-term transfers.