[Pump.fun Co-Founder Denies 'Cashing Out $400 Million,' Claims Fund Transfers Are for Company Fund Management Operations] According to a report by Jinse Finance, in response to Lookonchain's claim that 'Pump.fun project team allegedly cashed out over $400 million within a week,' Pump.fun Co-Founder and Chief Technology Officer Dylan Kerler responded on social media, stating that the company has not cashed out any funds nor participated in any transactions involving Kraken or Circle. Dylan Kerler explained that the related fund transfers are part of Pump.fun's fund management operations, transferring USDC obtained from the PUMP ICO to different wallets to allow the company to reinvest operational funds into business development.