Anonymous wallet raises $70M amid rumors of Pump.fun token launch

A multisig wallet has reportedly raised a total of $70 million in USDT and USDC over the past week from various institutions and whale addresses, according to Lookonchain on X. The activity has sparked speculation that the wallet may be linked to Solana-based memecoin launchpad Pump.fun, which is rumored to be raising funds ahead of a potential platform token launch.