Pump.fun USDC Cashout Sparks Big SOL Moves Linked to Kraken Today

Pump.fun USDC Cashout Raises New Questions About Platform Transparency

This question has taken over the Solana community after new on-chain data revealed unusually large transfers. The latest Pump.fun USDC cashout reports show the platform is moving both USDC and SOL at a scale most traders didn't expect from a memecoin launchpad. 

Huge USDC Transfers Trigger Fresh Concerns

Since October 15, they have sent 436.5 million USDC directly to Kraken. In that period, 537.6 million USDC moved from Kraken to Circle using the known wallet referred to as DTQK7G. 

Source: X (Formerly Twitter)

These numbers are now central to every major crypto news discussion on X and Telegram.

Some analysts think this is just the team reorganizing reserves. Others believe that it may be part of a greater strategy for which the details have not been disclosed publicly. 

This transfer has quickly become one of the biggest on-chain stories in recent times, as it is interlinked with both circle stablecoin reserves transfer activity and SOL movements.

Over 4 Million SOL Sold, the Majority via Kraken

Between May 19, 2024 and August 12, 2025, they sold 4.19 million solana valued at approximately $757 million at an average price of $181.

Here's what the split looks like:

• 264,373 SOL sold on-chain for $41.64m

• 3.93 million solana transferred to Kraken, valued at $715.5m

This is the connection between SOL selloffs and the Pump.fun USDC cashout that makes many traders refer to it as a slow but constant treasury exit. The scale of the movement also feeds into the ongoing concerns about SOL price pressure and liquidity drainage.

PUMP Price Crash

At the moment, It is trading around $0.0026, which is over 2% off in the last 24 hours. Trading volume has risen, showing strong activity on both sides. Chart: The chart shows a steady downward trend through November. The RSI around 36 shows weak momentum and a possible oversold zone.

Source: CMC

Community Reaction: Smart Treasury Move or Silent Exit?

Reactions remain mixed.

While some users say that Pump.fun has transformed from a meme platform into a proper financial engine, having pulled in over $130 million from fees, others claim this cashout looks like a slow exit-what with nearly $1 billion having moved over time.

On-chain analysts highlight that the memecoin ecosystem still looks at this coin as a form of entertainment, but the platform is making huge financial moves. 

Several frustrations from users have also been raised such as vague creator rewards, early liquidity, forgotten features like Pumpfolio, and the mayhem mode bundle bot.

These conversations add to the ongoing Pump.fun SOL selloff, Pump.fun Kraken deposits, and broader pumpfun crypto controversy, which has kept the topic trending across crypto circles. 

Are they Preparing for a Bigger Shift? 

Some traders think this is just de-risking. Others worry this may be a sign of the team quietly stepping back. For now, the only thing that remains crystal clear is that the Pump.fun USDC cashout is one of the biggest ongoing stories in the Solana memecoin space.