Data: Approximately $770 million of public offering stablecoins from Pump.fun have been transferred to CEX

According to on-chain analyst Yu Jin's monitoring, as Pump.fun continued to transfer 16,430,000 USDT to Kraken 7 hours ago, approximately 770 million dollars of the stablecoins (USDC and USDT) it obtained through the PUMP public offering last July have flowed into CEX. In addition, Pump.fun has recently resumed selling its fee income. Since mid-May, it has transferred 342,500 SOL in fee income to Kraken, valued at approximately 27,590,000 dollars.