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On chain monitoring shows that Pump.fun has transferred 50 million USDC obtained from ICO sales to Kraken in the past 10 hours, with a cumulative transfer of 605 million USDC since November 15th. Pump.fun sold PUMP tokens to institutions in June at a price of $0.004 per token, currently priced at $0.0018, a 55% decrease from the issue price. (Ashes)
