Pump.fun Token Sale Halted by Gate.io Removal

Pump.fun, a platform built on the Solana blockchain, was set to launch its PUMP token on July 12, 2025. The token sale aimed to offer 150 billion tokens at $0.004 USDT each, representing 15% of the total supply of one trillion tokens. This valuation placed the entire project at an impressive $4 billion, with the sale expected to raise $600 million. The event 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 join through Pumpfun’s website or the Gate.io exchange.

However, the excitement surrounding the token sale was abruptly halted when Gate.io removed the listing for the PUMP token sale without any prior warning. The page detailing the sale was replaced with a “404 page not found” error on both its English and Chinese websites, leaving investors and the wider crypto community puzzled. Gate.io’s response to user queries 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.

The sudden removal of the Pump.fun token sale page from Gate.io has cast a shadow of uncertainty over the highly anticipated $600 million token sale. The partnership between Pump.fun and Gate.io was seen as a significant development, marking their first collaboration and potentially providing a mutual boost for both platforms. However, the removal of the page has overshadowed these plans, leaving stakeholders uncertain about the project’s future. The lack of transparency from both Gate.io and Pump.fun’s founder, Alon Cohen, has made it difficult for the market to gauge the project’s short-term prospects.

The crypto community has been abuzz with speculation about the reasons behind the removal. Some suggest that the sale may have been delayed or canceled, while others believe that it could be a strategic move by the project. The uncertainty has led to a range of reactions, from disappointment to cautious optimism, as investors await further updates. The situation highlights the volatility and unpredictability of the crypto market, where even well-planned projects can face sudden setbacks. The lack of clear communication from both Gate.io and Pump.fun has only added to the confusion, underscoring the importance of transparency in the crypto industry. As the community waits for more information, the future of the Pump.fun token sale remains uncertain, with investors and enthusiasts alike hoping for a resolution that will provide clarity on the project’s plans.