Pump.fun Co-Founder Denies $436M Cash-Out Claims, Cites Internal Transfers

Pump.fun’s pseudonymous co-founder Sapijiju has pushed back against allegations that the Solana-based memecoin platform cashed out more than $436 million in USDC, calling the claims “complete misinformation” circulated by blockchain analytics firm Lookonchain. Key Takeaways: Pump.fun’s co-founder denied claims of a $436M cash-out, saying the USDC transfers were routine treasury movements. On-chain data shows Pump.fun still holds over $855M in stablecoins and $211M in SOL. Analysts and community membe ...