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The recent actions of the Pump project team in the crypto trading market have attracted attention. Over the past two months, the project team has transferred multiple times the funds obtained from the ICO sale of $PUMP to the Kraken exchange. Just in the last hour, 148 million USDC and USDT have been transferred in.
According to on-chain data tracking, from mid-November to now, the project team has transferred a total of 753 million USDC and USDT obtained from the ICO sale in June 2025 to Kraken. This series of frequent large-scale fund transfers reflects that the project team is gradually releasing liquidity. Such whale-level transfers to exchanges often have a certain impact on the market and are worth traders' close monitoring and analysis.