Pump.fun Withdraws $436 Million in USDC, Amidst Platform Silence and User Backlash

Pump.fun, a prominent Solana-based meme coin platform, has experienced significant financial activity since mid-October, with over $436 million worth of USDC transferred to cryptocurrency exchange Kraken. This withdrawal comes as the platform remains silent on social media for nearly a week, following the launch of its new trading feature Mayhem Mode, which has drawn criticism from users. analyses suggests these movements are unusual and point towards potential strategic shifts.