The post Pump.fun pushes back against profit liquidation allegations appeared on BitcoinEthereumNews.com.

Pump.fun denied sending USDC to Kraken, based on previous suspicions after large-scale wallet transfers. Instead, it claims that it is preparing to reinvest the proceeds from its ICO.  Pump.fun wallets were suspected of moving funds to Kraken, supposedly for cashing out. The project’s team said the suspicions were unfounded, and the funds moved on a technicality.  In total, Pump.fun wallets moved $435.6M USDC to the Kraken centralized exchange. The team explained that the operation was part of its treasury management, where the proceeds from the PUMP token sale were sent to different wallets.  complete misinformation from @lookonchain again. $0 have been cashed out – we’re not involved in the transactions between Kraken and Circle that you’re alleging us to be a part of. What’s happening is a part of pump’s treasury management, where USDC from the $PUMP ICO has been… https://t.co/qd6GUnIxKH — Sapijiju (@sapijiju) November 24, 2025 Pump.fun has been closely watched after a series of SOL sales in the past year. However, the project recently started retaining more of its SOL, with much fewer transfers of tokens to exchanges. Some of the SOL is used for regular PUMP buybacks.  Pump.fun has prepared for new investments, after its recent acquisition of a meme token trading platform Padre Trading and wallet tracker app Kolscan.  Pump.fun has also rebought over 12% of the PUMP supply, with smaller daily purchases. Over the past days, 100% of revenues on average have been used to acquire PUMP.  PUMP slides to yearly lows Despite the regular buybacks, PUMP trended lower after the latest market downturn. The token slid toward its lowest levels for 2025, down to $0.0026. PUMP is down over 72% from its recent local high in September.  PUMP traded near its lower range for 2025, despite the regular buybacks. | Source: Coingecko The token…

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Filed under: News - @ November 24, 2025 3:25 pm