According to data from @EmberCN, Pump.fun recently transferred an additional 50 million USDC from ICO revenue to the Kraken exchange, marking the first transfer in about a month of “silence.” Since November 15th, the total USDC transferred by Pump.fun from ICO token sales revenue to Kraken has reached 605 million USDC, indicating the project’s large-scale capital circulation activity.
Previously, during the ICO held in June, Pump.fun sold PUMP tokens to institutions at a price of 0.004 USD. However, according to current market data, PUMP is trading around 0.0018 USD, a decrease of approximately 55% compared to the ICO price. This development has sparked considerable debate within the cryptocurrency community regarding selling pressure, ICO capital utilization strategies, and the long-term prospects of Pump.fun.
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