Pump.fun co-founder denies cashing out $436 million in stablecoins amid allegations of selling pressure. Funds from PUMP token ICO shifted for treasury management, not selling. Despite revenue decline, wallets still hold significant stablecoins and Solana. Community split on explanation, with some defending Pump.fun’s right to manage funds. Token price down significantly from ICO. Some community members call for transparency about reserves. Legitimate projects often move funds post-ICO for operational purposes.

Read more at Cointelegraph: Pump.fun Co-Founder Rejects $436M Cash-Out Reports