USDC Transfers Hint at Cash-Out for Pump.fun as 405M USDC Moves to Kraken and 466M USDC to Circle

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.

Pump.fun‘s official X account has been silent for more than a week, and founder Alon‘s X activity last appeared on November 12, leaving observers awaiting further updates.