- Solana-based platform Pump.fun was slated to launch its PUMP token on July 12, offering 150 billion tokens to power its memecoin ecosystem.
- Crypto exchange Gate.io unexpectedly removed its listing for the PUMP token sale, causing confusion and uncertainty in the community.
Pumpfun, a well-known platform built on the S nolana blockchain, lets users easily and freely create their tokens. The team was gearing up to launch its official token, PUMP, in a much-anticipated public sale set for July 12, 2025. PUMP is meant to serve as the utility token within Pumpfun’s ecosystem, offering rewards and perks to its holders, though it’s not a requirement for using the platform.
A community member shared an X post, revealing the firm’s leaked message on the Pump.fun token sale.
Gate.io just leaked pump fun public sale… their official website just created
Public Sale of $PUMP token,
it says the event launches in 4 days 18 hours, and they’re aiming to raise $600m.interesting.
The PUMP Token Sale: Initial Details and Unexpected Removal
The initial plan for the PUMP token sale involved offering 150 billion tokens for $0.004 USDT each. This represented 15% of the total supply of one trillion tokens, valuing the entire project at an impressive $4 billion.
The sale was scheduled to start at 3:00 PM on July 12 and run for 72 hours, or until all tokens were sold, on a first-come, first-served basis with no upper purchase limit beyond a minimum amount. Participants were expected to be able to join through Pumpfun’s website or the Gate.io exchange.
However, a sudden and unexpected turn of events has cast a shadow of uncertainty over the sale. Gate.io abruptly removed the page detailing the Pump.fun token sale without any prior warning. This surprising action left investors and the wider crypto community puzzled, as the page simply showed a “404 page not found” error on both its English and Chinese websites.
Gate.io’s response to a user query about the page removal further muddled the situation. The platform stated that the “Pump.fun Pre-Market OTC” was removed following “negotiations between Gate and the project,” and added that “there is no confirmed date or announcement for its reopening.”
This explanation referred to a previous announcement from October 2024 about ending over-the-counter trading for Pump.fun, but it did not address the pressing concerns surrounding the public token sale scheduled for July 12.
The lack of clear updates from both Gate.io and Pump.fun’s founder, Alon Cohen, has only added to the uncertainty. As a result, it’s become challenging for the market to gauge the project’s near-term outlook, fueling more speculation within the community about what will happen with the PUMP token sale.
Even though there was a lot of excitement around Pumpfun’s $4 billion valuation and the ambitious $600 million fundraising target, the unexpected removal of the listing has brought those hopes to a standstill. Now, many are left wondering when, or even if, the PUMP token will launch.
