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From pumps to dumps: Pump.fun transfers large stablecoin sums as PUMP token goes flat

Memecoin launchpad Pump.fun has transferred substantial stablecoin holdings to exchanges, drawing scrutiny from crypto investors amid declining platform revenue, according to blockchain data. Summary Since mid-October, Pump.fun has moved significant amounts of stablecoins to Kraken and then to Circle, likely representing withdrawals tied to its declining revenue. Pump.fun’s native PUMP [...]

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