pump.fun allegedly has "withdrawn" more than 400 million dollars recently, its official account has not commented in more than a week

According to monitoring by EmberCN, on November 24, the pump.fun team's address deposited 405 million USDC into Kraken over the past week. Simultaneously, 466 million USDC were transferred from Kraken to Circle (the issuer of USDC). It is very likely that these operations were to "withdraw funds".

The funds come from the institutional private sale of PUMP conducted by pump.fun in June, when the price for institutional investors was 0.004 USD (currently below its issuance price)