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Pump.fun Makes a Record $436M Withdrawal as the Memecoin Era Comes to an End

Pump.fun Makes a Record $436M Withdrawal as the Memecoin Era Comes to an End

CointribuneCointribune2025/11/25 16:54
By:Cointribune
Summarize this article with:
ChatGPT Perplexity Grok

Pump.fun, one of the star platforms in the crypto universe on Solana, just emptied its wallets to the tune of 900 million dollars in stablecoin, without a word. This massive withdrawal shakes an already fragile crypto market. We give you all the details in the following paragraphs.

Pump.fun Makes a Record $436M Withdrawal as the Memecoin Era Comes to an End image 0 Pump.fun Makes a Record $436M Withdrawal as the Memecoin Era Comes to an End image 1

In brief

  • Pump.fun withdrew 900 million dollars in stablecoins, fueling distrust in the crypto ecosystem.
  • The crypto project’s disengagement embodies the exhaustion of the memecoin market and investor distrust.

Pump.fun, a crypto platform in full withdrawal mode

Since mid-October, onchain transactions reveal crypto transfers of :

  • 405 million dollars to Kraken ;
  • 466 million dollars to Circle.

Some crypto analysts confirm it: this liquidity comes from a private sale of the $PUMP token, conducted in June during a 720 million dollar fundraising. At that time, insiders held 55% of the total supply. Today, the price of the crypto asset collapses below its initial level: $0.0026, compared to $0.004.

The team’s silence increases distrust. Until now, they have published neither a statement nor an official message. Users, already cooled by the protocol’s performance, thus denounce a disguised abandonment.

The figures confirm the trend:

  • revenues cut in half;
  • exchange volume in decline;
  • drop in memecoin trading.

Signs of a widespread disenchantment

Retail no longer follows. Promises of crypto airdrops , viral campaigns and the community illusion are no longer enough to mask opaque governance. The “Mayhem” mode, meant to stimulate launches via AI, was a flop. Onchain activity declines and legal actions pile up.

The Pump.fun case symbolizes the exhaustion of a crypto model: too focused on speculation and too little built on solid foundations. Crypto trading does not forgive opacity. A decentralized platform that wanted to be disruptive ends up looking like an exit counter.

As euphoria fades, the crypto sector rediscovers its fragilities. Precisely, the disengagement of Pump.fun could mark a turning point: a return to sobriety. The crypto ecosystem has no shortage of tools, but it must regain trust, unless other players take advantage of this gap to rebuild a more sustainable model.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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