PUMP Tokens Plunge 60% Following $615M USDC Transfer to Kraken

2025-12-29 20:16

PUMP tokens experienced a dramatic 60% decline in Q4 2025, despite the platform executing $72 million in buybacks during October and November. A significant factor in the downturn was the transfer of $615 million in USDC to Kraken, which included a recent $50 million withdrawal. Market analysts attribute the token's sharp decline to shifts in the fear and greed index and ongoing legal challenges. While some observers suggest the drop is part of a broader bearish trend, others point to profit-taking as a contributing factor.

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