The long-speculated launch of Pump.enjoyable’s native token is going through recent uncertainty after crypto change Gate.io abruptly eliminated its pre-market itemizing for the coin.
The newest improvement has left merchants with out readability on its timeline.
Gate.io Pulls Pump.enjoyable Token Sale Web page
On Tuesday, Gate.io posted particulars for what appeared to be the primary official sale of the Solana-based meme coin platform’s utility token. A sale was scheduled for July 12-15, which supplied 150 billion tokens at $0.004 every, and aimed for a $4 billion totally diluted valuation and elevating round $600 million. Nevertheless, the web page was swiftly taken down inside hours, changed by a 404 error.
Shortly thereafter, Gate.io announced that after discussions with the mission, it had eliminated Pump.enjoyable’s pre-market OTC buying and selling pairs and returned funds to all presale members. The change didn’t present a brand new itemizing date, however said that updates would solely come via official bulletins.
“Hey. We wish to inform you that, based on the most recent announcement concerning PUMPFUN, following negotiations between Gate and the mission, Gate has eliminated Pump.fuun Pre-Market OTC. Right now, there isn’t a confirmed date or announcement for its reopening.”
Moreover, Gate.io had even arrange a countdown and presale tracker earlier than eradicating it, which indicated some stage of superior planning. With no remark from the Solana-based memecoin platform concerning the elimination or affirmation of the sale particulars, together with the leaked July 12-15 window, the mission’s token launch now seems postponed indefinitely.
The newest snafu has fueled confusion inside the neighborhood over whether or not the takedown was because of a leak, a advertising and marketing misstep, or deeper strategic points.
Pump.enjoyable was launched in January 2024 by pseudonymous founder Alon Cohen, permitting customers to launch and commerce meme cash immediately utilizing a bonding curve mannequin on Solana. It’s rumored that the native token was anticipated to unlock future options like neighborhood rewards and giveaways.
Experiences in early June additionally suggested that Pump.enjoyable was eyeing a $1 billion token increase that will worth it at $4 billion, however the platform and its co-founder didn’t confirm these rumors.
Pump.enjoyable Controversies
A Solidus Labs report in Might found that greater than 98% of tokens launched on Pump.enjoyable collapse into rug pulls or pump-and-dump schemes. Between January 2024 and March 2025, over seven million tokens had been launched on the platform, however solely 97,000 maintained liquidity above $1,000.
Pump.enjoyable’s bonding curve mannequin advantages early consumers whereas later members face steep losses when creators exit, the report mentioned. Separate findings from Pine Analytics highlighted “deployer-funded, same-block sniping,” a tactic that permits creators to revenue immediately at launch.
The meme coin generator additionally faced important authorized troubles, particularly with the class-action lawsuits over unregistered securities. It additionally needed to suspend its livestream function indefinitely after disturbing content material, together with violence and threats, in November final yr.
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