Pump.fun Co-Founder Denies Cashing Out ICO Funds, Calls Allegations ‘Misinformation’

Pseudonymous Pump.fun co-founder Sapijiju has rejected allegations that the platform cashed out $436.5 million USDC, in a response directly to claims made by on-chain analytics account Lookonchain.

In a post, Sapijiju called the allegation “complete misinformation,” while stating that “$0 has been cashed out.” The exec denied any involvement in the transactions Lookonchain linked to crypto exchange Kraken and stablecoin issuer Circle.