Solana Meme Coin Launchpad Pump.fun Faces Backlash Amid $436.5M USDC ‘Cash Out’
Solana-based meme coin launchpad Pump.fun is under intense scrutiny and facing community backlash following a massive series of USDC transfers, which analysts are calling a “withdrawal” or “cash out” operation. Key Financial Movements: Total Withdrawal: Since October 15, Pump.fun has withdrawn an estimated $436.5 million USDC (according to on-chain analysis). Recent Transfers: In the past … Read more