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.
- 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 token, sold to institutional investors in June, has fallen below its issue price.
- The official Pump.fun account and co-founder Alon have been largely inactive since mid-November, raising investor concerns.
The Solana-based platform has moved significant amounts of stablecoins since mid-October 2025, following a crypto market downturn that reduced trading activity and monthly revenue, according to blockchain data platform Lookonchain.
Since October 15, Pump.fun has transferred stablecoin holdings to the exchange Kraken, blockchain data shows. In the past week, the platform moved large sums to Kraken, with similar amounts subsequently transferred from Kraken to Circle, the stablecoin issuer, likely representing withdrawals, according to the data.
The funds originated from sales of the PUMP token to institutional private placements in June, according to blockchain analytics. The token has since fallen below that issue price.
The not-so-fun side of PUMP
The transfers have drawn criticism from crypto investors, who view them as potential selling pressure while the platform’s monthly revenue has decreased significantly. The official Pump.fun account on X has been inactive for more than a week, and co-founder Alon was last active in mid-November, according to social media records.
Pump.fun’s native token has declined sharply and is trading well below its all-time high recorded in September 2025. The price drop reflects platform-specific challenges and broader market conditions, analysts said.
Pump.fun, launched in January 2024 on Solana, allows users to create and trade memecoins. The platform uses a bonding curve model to determine token prices. It includes a mechanism designed to prevent “rug pulls” by requiring tokens to reach a certain market capitalization before listing on decentralized exchange Raydium.
The platform has faced controversies, including issues around livestreaming features and regulatory warnings about unregulated gambling in some jurisdictions, according to industry reports.
A new federal lawsuit alleged that the company and its partners ran a meme coin operation designed to defraud users .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
COAI Token Fraud: Insights for Cryptocurrency Investors During Times of Regulatory Ambiguity
- COAI token's 88% collapse in late 2025 exposed systemic risks in AI-driven DeFi ecosystems, with $116.8M investor losses. - Governance flaws included 87.9% token concentration in ten wallets, untested AI stablecoins, and lack of open-source audits. - Panic selling accelerated by AI-generated misinformation and CEO resignation, amid conflicting global crypto regulations. - Lessons emphasize scrutinizing token distribution, demanding transparent audits, and avoiding jurisdictions with regulatory ambiguity.
Renewable Energy Training as a Key Investment to Meet Future Workforce Needs
- Farmingdale State College's Wind Turbine Technology program aligns with surging demand for skilled labor in decarbonizing economies, driven by U.S. renewable energy targets. - Industry partnerships with Orsted, GE Renewable Energy, and $500K in offshore wind funding validate the program's role in addressing workforce shortages in expanding wind sectors. - Hands-on training with GWO certifications and VR simulations prepares graduates for high-demand, high-salary roles ($56K-$67K annually), reducing corpo
The Revival of STEM Learning as a Driving Force for Tomorrow’s Technology Investments
- Emerging STEM universities are driving tech innovation through interdisciplinary curricula and industry partnerships, focusing on AI, biotech , and advanced manufacturing. - U.S. programs like STEM Talent Challenge and NSF Future Manufacturing allocate $500K-$25.5M to bridge skills gaps and fund projects in quantum tech and biomanufacturing. - Leadership-focused STEM programs at institutions like Florida State and Purdue boost startup success rates (75-80%) and align with venture capital trends favoring
Assessing KITE’s Price Prospects After Listing as Institutional Interest Rises
- Kite Realty Group (KRG) reported Q3 2025 earnings below forecasts but raised 2025 guidance, citing 5.2% ABR growth and 1.2M sq ft lease additions. - Institutional investors showed mixed activity, with Land & Buildings liquidating a 3.6% stake while others increased holdings, reflecting valuation debates. - Technical indicators suggest bullish momentum (price above 50/200-day averages) but a 23.1% undervaluation vs. 35.1x P/E, exceeding sector averages. - KRG lags peers like Simon Property in dividend yie
Trending news
MoreCrypto prices
More
