FROM PUMPS TO DUMPS: PUMP.FUN TRANSFERS LARGE STABLECOIN SUMS AS PUMP TOKEN GOES FLAT
https://crypto.news/app/uploads/2024/11/crypto-news-Pump.fun-option03.webp
βοΈ Pump.fun, a Solana-based platform, has transferred significant amounts of stablecoins to Kraken and Circle, potentially indicating withdrawals due to declining revenue.
π Pump.fun has transferred significant amounts of stablecoins to Kraken and Circle since mid-October π The platform's native PUMP token has fallen below its issue price π The official Pump.fun account and co-founder Alon have been inactive since mid-November π The platform has faced controversies and regulatory warnings π A new federal lawsuit has alleged that the company and its partners ran a meme coin operation designed to defraud users
-- #Alon #technology
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