Pump.fun, a platform for issuing and trading memetic coins, has withdrawn some of the funds raised in a summer 2025 funding round.
During ICO The startup sold its native Pump.fun tokens (PUMP) for $1,32 billion to raise funds for platform development and new product development. However, it turned out that almost all of the assets raised during the private sale of the coins to institutions in June were cashed out.
It turns out that last week the Pump.fun team transferred USDC (USDC) stablecoins worth $405 million to the exchange Kraken, and then sent $466 million in USDC from the trading platform to the balance of cryptocurrency issuer Circle, apparently to exchange stablecoins for fiat currency.
Pump.fun currently holds $2,48 billion in digital assets, $1,38 billion of which is in PUMP tokens, while the value of stablecoins stored in wallets is $856 million.
Some cryptocurrencies on Pump.fun’s balance sheet
It is noteworthy that the participants ICOThose who failed to sell their PUMP in time suffered losses. During the initial coin offering, tokens were sold at $0,004; their current price is $0,0026. The optimal time to sell their coins was mid-September, when their price reached $0,0086.