Crypto exchange Gate.io has quietly taken down a page that revealed details about an upcoming token sale for Solana-based memecoin platform Pump.fun, adding to speculation and confusion in the community.
The now-deleted page had shown a public token sale scheduled for July 12, offering 150 billion PUMP tokens at $0.004 each. That would’ve raised around $600 million, with a total token supply of 1 trillion and a valuation of $4 billion. The sale was described as Pump.fun’s “first official public token sale.”
However, the page was later removed from both the English and Chinese versions of Gate.io’s site, replaced by a 404 error. A user shared a support response from Gate.io, saying, “Following negotiations between Gate and the project, Gate has removed Pump.fun Pre-Market OTC. There is no confirmed date or announcement for its reopening.”
This has reignited rumors from June suggesting Pump.fun was planning a $1 billion raise. Despite the buzz, neither Pump.fun nor its founder Alon Cohen has confirmed the sale.
Pump.fun exploded in popularity during the memecoin boom in January, helping launch over 11 million tokens and earning over 4.4 million SOL (around $655 million). But activity has since dropped sharply. Dune Analytics shows a 75% decline in volume, while DeFiLlama reports an 80% slump.
To make matters worse, a new rival, LetsBonk, recently doubled Pump.fun’s daily revenue with $1 million, signaling a major shift in the memecoin space.
Also Read: LetsBONK Overtakes Pump.fun as Top Solana Memecoin Launchpad
