pump.fun continues to transfer hundreds of millions of stablecoins to Kraken, drawing attention to the destination of ICO funds

ZkSnarker · 2026-01-13T00:40:09+00:00

pump.fun project recently transferred 148 million USDC and USDT to Kraken, with a total transfer of 753 million since November last year. The project team explained that this move is to diversify funding risk and for future business expansion, not for cashing out.

ZkSnarker

2026-01-13 00:40:09

Abstract generation in progress

【Crypto World】pump.fun has recently made another big move. On-chain data shows that on January 13, this project transferred another 148 million USDC and USDT to Kraken, all stablecoins raised during the ICO period. Even more astonishing is that since November 15 of last year, they have gradually transferred a total of 753 million tokens to this exchange, which is quite substantial.

You might have thought—are they cashing out? The project team has provided an explanation: these transfers are not withdrawal operations but are intended to diversify funding risks and prepare for future business expansion. Whether you believe it or not depends on your own judgment. But from the frequency of on-chain activity, pump.fun is indeed continuously managing the funds raised during the ICO.

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FUD_Whisperer

· 01-13 01:07

Here we go again with this set? Diversifying risk, expanding business, sounds nice. --- 53 million yuan poured into exchanges, is this called "management reserves"? --- Stop pretending, cashing out is cashing out, no need to hide it. --- Hey, what trick is pump.fun playing? --- After ICO harvesting, they want to run? Truly impressive. --- "Diversify risk," laughable. --- On January 13th, another 148 million yuan was invested, the frequency is a bit intense. --- I don't believe you, next thing you know, they'll say chips need to be locked. --- Got it, risk is diversified into the exchanges.

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