pump.fun has made another big move. Two hours ago, they transferred 75 million USDC to Kraken once again, and this is not the first time. Since November 15, in just half a month, pump.fun has transferred a total of 555 million USDC to Kraken—these are funds raised from their ICO sales. The frequency and amount of these operations are both quite aggressive, showing that they are paying close attention to liquidity management. By continuously monitoring these large transfers, we might be able to get a sense of the project's upcoming financial plans.
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MEVHunter
· 12-03 04:55
555 million USDC transferred on-chain like this... There must be arbitrage opportunities in the mempool, it just depends on who can catch that gas war moment.
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TrustlessMaximalist
· 12-03 04:43
555 million in half a month—this frequency is pretty intense. Are they really planning something, or is this just groundwork for an exit scam?
pump.fun has made another big move. Two hours ago, they transferred 75 million USDC to Kraken once again, and this is not the first time. Since November 15, in just half a month, pump.fun has transferred a total of 555 million USDC to Kraken—these are funds raised from their ICO sales. The frequency and amount of these operations are both quite aggressive, showing that they are paying close attention to liquidity management. By continuously monitoring these large transfers, we might be able to get a sense of the project's upcoming financial plans.