Pump.fun

Solana

Alon

would

Cryptocurrency exchange Gate.io has quietly removed a page showing an upcoming token sale for the Pump.fun Solana-based memecoin platform.On Tuesday, users of X <a href="https://x.com/cryptolyxe/status/1942311062256377929?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A" rel="noopener noreferrer nofollow">noticed</a> a “leaked” webpage showing details of a public sale of the Pump.fun official token, scheduled to start on July 12.The page shows 150 billion tokens being offered at $0.004 out of a total supply of 1 trillion tokens. The raise would amount to around $600 million.&nbsp;The page states the IEO (Initial Exchange Offering) marks Pump’s “first official public token sale,” and the IEO valuation is set at $4 billion.However, the crypto exchange later deleted the page from both the English and <a href="https://www.gate.com/zh/pumpfun-sale" rel="noopener noreferrer nofollow">Chinese</a> versions of the website, now showing a 404 “page not found” notice.&nbsp;<figure><img src="https://s3.cointelegraph.com/uploads/2025-07/0197e7e1-1e92-7fbf-aed9-dc357e4239f3" title="" alt="Gate.io deletes page showing a $600M Pump.fun token sale"><figcaption>Original token sale page. Source: <a href="https://x.com/WuBlockchain/status/1942363254556352886" rel="noopener noreferrer nofollow">Colin Wu</a></figcaption></figure><h2 id="gate-io-support-post-adds-to-confusion">Gate.io support post adds to confusion</h2>A <a href="https://x.com/support_gateio/status/1942369211432722670" rel="noopener noreferrer nofollow">response</a> from Gate.io support to a user about the takedown has only added more confusion, stating, “Following negotiations between Gate and the project, Gate has removed Pump.fun Pre-Market OTC. At this time, there is no confirmed date or announcement for its reopening.”The message references an October 2024 <a href="https://www.gate.com/zh/announcements/article/40323" rel="noopener noreferrer nofollow">announcement</a> that the exchange would no longer support over-the-counter trading for Pump.fun.&nbsp;Cointelegraph reached out to Gate.io and Pump.fun founder Alon Cohen for comment, but did not receive an immediate response.&nbsp;&nbsp;<figure><img src="https://s3.cointelegraph.com/uploads/2025-07/0197e7e1-22ce-7bd7-8dd0-40cf1c4b172a" title="" alt="Gate.io deletes page showing a $600M Pump.fun token sale"><figcaption>The Pump.fun token sale page now shows a 404 notice. Source: <a href="https://www.gate.com/pumpfun-sale" rel="noopener noreferrer nofollow">Gate.io</a></figcaption></figure><h2 id="token-sale-rumors">Token sale rumors&nbsp;</h2>In early June, <a href="https://cointelegraph.com/news/pump-fun-token-rumors-1-billion-sale-airdrop" rel="noopener noreferrer nofollow">rumors emerged</a> that Pump.fun was planning to raise $1 billion through a token sale that would value the company at $4 billion.However, neither the platform nor its co-founder, Alon Cohen, confirmed these rumors despite a report at the time citing people familiar with the matter.&nbsp;Related: <a href="https://cointelegraph.com/news/pump-fun-x-account-suspended-crypto-account-blitz" rel="noopener noreferrer nofollow">Pump.fun and its founder hit in X account suspension blitz</a><h2 id="pump-fun-s-popularity-wanes-after-memecoin-slump">Pump.fun’s popularity wanes after memecoin slump</h2>The Solana-based meme marketplace Pump.fun surged in popularity in January during the memecoin minting frenzy.&nbsp;The platform has facilitated the creation of more than 11 million new tokens with a combined total revenue of approximately 4.4 million Solana (<a href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow">SOL</a>), or roughly $655 million, <a href="https://dune.com/hashed_official/pumpdotfun" rel="noopener noreferrer nofollow">according</a> to Dune Analytics.However, volumes have <a href="https://cointelegraph.com/news/pump-fun-launches-down-from-peak" rel="noopener noreferrer nofollow">plummeted</a> around 75% since the height of the memecoin frenzy in January, according to Dune.&nbsp;DefiLlama <a href="https://defillama.com/protocol/pump.fun?groupBy=weekly" rel="noopener noreferrer nofollow">reports</a> a steeper 80% slump in daily volume on the platform over the past six months.On Monday, Cointelegraph reported that Solana’s newest memecoin launchpad, LetsBonk, <a href="https://cointelegraph.com/news/letsbonk-surpasses-pumpfun-daily-revenue-defillama" rel="noopener noreferrer nofollow">doubled Pump.fun’s daily revenue</a> with $1 million, shaking up the leaderboard in the memecoin space.Related: <a href="https://cointelegraph.com/magazine/dogecoin-rally-ripple-ceo-brad-garlinghouse-banking-us-standard-chartered-hodlers-digest/" rel="noopener noreferrer nofollow">Dogecoin set for rebound? Ripple eyes US banking license: Hodler’s Digest</a>

Gate.io deletes page showing a $600M Pump.fun token sale

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