Pump. fun’s USDC transfers involve routine treasury management, not a massive off-ramp. The co-founder clarified that over $436 million in stablecoins from the PUMP ICO were simply redistributed to internal wallets for business reinvestment, countering misinformation from blockchain analytics reports. Pump. fun co-founder Sapijiju denied any selling activity, emphasizing the moves as standard treasury operations. Transfers totaled [.] Source:.
https://bitcoinethereumnews.com/tech/pump-fun-co-founder-disputes-436m-usdc-transfers-as-routine-pump-treasury-operations/