Pump.fun Co-founder Denies Fund Withdrawal, Explains USDC Reinvestment Plan
AI Summary1 min read
TL;DR
Pump.fun co-founder Dylan Kerler denies withdrawing $400M USDC, stating it was moved to reinvest in the business. He clarifies no collaboration with Circle and no funds were withdrawn.
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CircleUSDCPump.funfund withdrawalDylan Kerler
Pump.fun co-founder Dylan Kerler denies allegations that the company withdrew $400 million in USDC during an ICO. He states that the USDC was transferred to a different wallet to reinvest operating capital into the business. The team did not collaborate with Circle, the issuer of USDC. Kerler emphasizes that no funds have been withdrawn from Pump.fun.
