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pump.fun is suspected of a recent "mass withdrawal" of over $400 million, with no official announcements for over a week.

2025.11.24 10:08:16

On November 24th, as per the monitoring of EmberCN, the "pump.fun team address" deposited 405 million USDC into Kraken within the past week. Subsequently, during the same period, 466 million USDC was transferred from Kraken to Circle (the issuer of USDC). Such operations are likely to be "cash out". The source of these funds is the funding that Pump.fun received from an institutional private sale of PUMP in June. At that time, they sold to institutional investors at a price of $0.004 (which has now dropped below that price). Currently, the official X account of pump.fun has remained silent for more than a week without any updates, and its founder alon's X account was last active on November 12th.
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