TLDR
Gate.io removed the $600M Pump.fun token sale page, sparking confusion ahead of the July 12 IEO.
The deleted page detailed a sale of 150B tokens at $0.004, valuing Pump.fun at $4B.
Gate.io vaguely cited “negotiations” and removed Pump.fun from Pre-Market OTC without clarifying IEO plans.
Pump.fun activity dropped 75% in volume since January as LetsBonk surpassed it in Solana revenue.
Crypto exchange Gate.io has deleted a webpage detailing a $600 million token sale for Pump.fun, sparking confusion over the Solana-based memecoin platform’s next steps. The page initially showed that 150 billion Pump.fun tokens would be sold at $0.004 each, representing 15% of the 1 trillion token supply. The Initial Exchange Offering (IEO), expected on July 12, would have valued the project at $4 billion.
However, the page is no longer accessible, with users now encountering a 404 error on both the English and Chinese versions of Gate.io’s website. This unexpected removal has led to widespread uncertainty among users and market watchers.
Token Sale Page Deleted Without Official Statement
The deleted page first gained attention on July 6 after being shared by crypto users on X. It appeared to confirm that Gate.io would host Pump.fun’s first official public token sale. The page included detailed information about token allocation, pricing, and sale structure.
By July 7, the link to the sale page was no longer active, and Gate.io had made no public announcement explaining the removal. The deleted page showed a planned sale of 150 billion tokens out of the total 1 trillion supply, with a public valuation of $4 billion. At the set price of $0.004, the total value of tokens to be sold would have reached $600 million.
Despite growing attention online, Gate.io did not initially respond to requests for comment from multiple media outlets, including Cointelegraph. Pump.fun’s founder, Alon Cohen, has also not released any statement regarding the situation.
Gate.io Offers Vague Explanation After Takedown
After users raised questions, Gate.io’s support account issued a brief reply on X. The platform stated, “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.”
This response created more confusion rather than providing clarity. The mention of “Pre-Market OTC” referenced a previous notice from October 2024 when Gate.io said it would end over-the-counter trading for Pump.fun tokens. However, this explanation did not directly address why the IEO sale page was removed or if the token sale is still planned.
Users noted that the sale page had no OTC references and appeared to be related to a formal IEO event. The lack of a new timeline or detailed communication from either party has left the crypto community uncertain about the project’s direction.
Earlier Rumors and Declining Platform Activity
In June 2025, reports emerged that Pump.fun was preparing a large-scale token sale to raise up to $1 billion. The company did not confirm those reports at the time. However, the now-removed Gate.io page was seen as the first concrete evidence of a planned public offering.
Pump.fun experienced a surge in popularity during early 2025 as Solana-based memecoins gained traction. According to Dune Analytics, the platform has helped launch over 11 million tokens and generated more than 4.4 million SOL in revenue, worth about $655 million.
Yet activity has declined since January. Trading volume on the platform dropped by around 75% according to Dune, while DeFiLlama recorded an 80% fall in daily usage over six months. On July 7, Cointelegraph reported that a newer Solana platform, LetsBonk, had overtaken Pump.fun in daily revenue, reaching $1 million.
Community Still Awaits Clarity from Gate.io and Pump.fun
The sudden deletion of the token sale page has left many questions unanswered. No formal announcement has been made by Gate.io or Pump.fun to confirm whether the IEO is canceled, postponed, or still under negotiation.
As of now, there is no timeline or confirmation regarding when or if the token sale will resume. Community members continue to monitor official channels, but with no updates, uncertainty remains about the next steps for both Gate.io and Pump.fun.
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