Pump.fun Disputes Claims of $400 Million USDC Withdrawal

Recent allegations have raised questions about the financial activities of Pump.fun, a prominent player in the cryptocurrency ecosystem. These claims allege that the platform engaged in a significant withdrawal of USDC funds, potentially exceeding $400 million. However, Pump.fun vehemently denies these accusations. In response to these reports, they issued an official statement stating their lack of any liquidation of USDC funds, leaving the crypto community divided and prompting a deeper examination of this controversial event.