Pump.fun has cashed out $436 million in stablecoins since October’s crypto market crash, with monthly revenue dropping to $27.3 million in November. Criticism arose over potential sell-offs, as the platform still holds $855 million in stablecoins and $211 million in Solana tokens. The $436 million transfer likely stemmed from $PUMP token private placements.

Read more at Cointelegraph: Pump.fun Sold $436M USDC As Revenue Fell 53% Since October Crypto Crash