Pump.fun co-founder denies that the project cashed out USDC through Kraken

Regarding Lookonchain's statement that "Pump.fun has cashed out at least 436.5 million USDC through Kraken since October 15," Pump.fun co-founder Sapijiju responded, "This is completely false information. Pump.fun has never cashed out (referring to the transactions between Kraken and Circle that Lookonchain accused Pump.fun of being involved in). The reality is that this is part of Pump.fun's fund management; the USDC obtained from the PUMP ICO has been transferred to different wallets to reinvest the company's operating funds back into the business. Pump.fun has never directly collaborated with Circle."