According to @EmberCN, Pump.fun transferred 75 million USDC to Kraken about eight hours ago, bringing cumulative transfers to 480 million USDC sent to Kraken over the 12 days since Nov 15 from ICO sale proceeds (source: @EmberCN on X). According to @EmberCN, the Pump.fun team previously stated these were not cash-outs but a redistribution of ICO USDC for business reinvestment (source: @EmberCN on X).