It appears that withdrawals continued, with pump.fun transferring 75 million USDC to Kraken, followed by 69.26 million USDC being transferred from Kraken to Circle.

According to Odaily Planet Daily, on-chain analyst Yu Jin reported that pump.fun transferred 75 million USDC to Kraken 8 hours ago. In the 12 days since November 15th, pump.fun has cumulatively transferred 480 million USDC obtained through its ICO sale to Kraken.

The pump.fun team previously stated that the fund transfer was intended to diversify the company's operations so that funds could be reinvested, not to withdraw capital. Coincidentally, early this morning, after 75 million USDC were deposited into Kraken, 69.26 million USDC were transferred from Kraken to Circle.