## Pump.fun Deposits $75 Million USDC into Kraken According to a report by EmberCN, the team behind Pump.fun, a popular Solana meme coin launchpad, has deposited a substantial 75 million USDC into the Kraken cryptocurrency exchange. This transaction occurred approximately two hours ago. ## Significant USDC Deposits Over Time EmberCN's data reveals that this isn't an isolated incident. Since November 15th (local time), the same address associated with the Pump.fun team has deposited a total of 555 million USDC into Kraken. This large sum has naturally led to speculation within the cryptocurrency community. ## Refuting Cash-Out Rumors While many observers suspect the team is cashing out their profits, Pump.fun has publicly refuted these claims. The platform has not provided a specific reason for the large deposits into Kraken, leaving the community to speculate on alternative explanations such as operational funding or strategic asset management. The movement of such a significant amount of capital continues to be closely watched within the crypto space. ```