Pump.fun transfers 50 million USDC to Kraken, accumulating transfer of 605 million USDC

On chain monitoring shows that Pump.fun has transferred 50 million USDC obtained from ICO sales to Kraken in the past 10 hours, with a cumulative transfer of 605 million USDC since November 15th. Pump.fun sold PUMP tokens to institutions in June at a price of $0.004 per token, currently priced at $0.0018, a 55% decrease from the issue price. (Ashes)