The Pumpfun group has been accused of dumping the token\u2019s value because it continues to decline. This got here as on-chain knowledge flags huge transfers of USDC linked to the platform\u2019s ICO proceeds to Kraken for sell-offs.<\/span><\/p>\n Blockchain trackers have once more recognized one other spherical of main USDC actions linked to the challenge\u2019s treasury. Per <\/span>data<\/span><\/a> from EmberCN, the platform transferred 75 million USDC to Kraken inside an eight-hour window. This brings the whole quantity moved to 480 million USDC.<\/span><\/p>\n The Pumpfun group stated these have been simply regular transfers for its treasury. However, knowledge confirmed that Kraken made a switch of 69.26 million USDC to Circle after receiving the funds. Experts say that is almost certainly a sell-off.<\/span><\/p>\n Also, Lookonchain <\/span>shared<\/span> that that they had already offered $757 million in SOL between May 2024 and August 2025.\u00a0<\/span><\/p>\n It seems https:\/\/t.co\/C909I8882s<\/a> has cashed out a minimum of 436.5M $USDC<\/a> since Oct 15.<\/p>\n Since Oct 15, https:\/\/t.co\/C909I8882s<\/a> has deposited 436.5M $USDC<\/a> into#$Kraken.<\/p>\n During the identical interval, 537.6M $USDC<\/a> flowed from #Kraken<\/a> to #Circle<\/a> by means of pockets DTQK7G.<\/p>\n Between May 19, 2024\u2026 pic.twitter.com\/WQGnUcA8l4<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) November 24, 2025<\/a><\/p>\n<\/blockquote>\n The platform generated $136 million in income in January. It has now fallen to $38 million. The implication right here is that consumer exercise is decreasing.<\/span><\/p>\n Co-founder Sapijiju on the platform strongly pushed again towards the declare. He argued that the flagged transactions have been misconstrued. In a public assertion, he described the USDC actions as half of commonplace treasury administration.<\/span><\/p>\n \u201cWhat\u2019s happening is a part of pump\u2019s treasury management, where USDC from the $PUMP ICO has been transferred into different wallets so the company\u2019s runway can be reinvested into the business. pump has never directly worked with Circle,\u201d he stated.<\/span><\/p>\n<\/blockquote>\n These newest transfers may weigh on belief tied to <\/span>Pumpfun\u2019s buyback program<\/span><\/a>. They began the initiative in September to assist stabilize PUMP\u2019s market efficiency.<\/span><\/p>\n The PUMP value has remained in a continuing state of decline since reaching its peak in August. The token achieved a value excessive of $0.00898 following the tip of its ICO. The coin has fallen steeply to at present commerce round $0.00291. That marks a decline of greater than 40% in simply the final month.<\/span><\/p>\n This comes regardless of optimistic developments in its ecosystem. In September, Pumpfun started the <\/span>Project Ascend<\/span><\/a> program to enhance its providers. This initiative adjustments the price construction to encourage creators. It additionally lowered charges as its market cap elevated.<\/span><\/p>\n The token was additionally adopted by establishments. <\/span>Fitell Corporation purchased PUMP<\/span><\/a> tokens for its treasury holdings. This is often not frequent for cash like this. These occasions didn’t impact the token\u2019s value because it nonetheless stays in a dip.<\/span><\/p>\n<\/p><\/div>\nPumpfun Faces USDC Sales Allegations<\/h2>\n
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PUMP Price Declines Despite Ecoystem Changes<\/h2>\n
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