The crypto exchange Gate.io displayed a page revealing plans for a $600 million token sale for Pump.fun but soon deleted the information, leading to questions among crypto enthusiasts.
Proposed $PUMP Token Sale
On the page available on July 8, details were shared about a $600 million token offering with a $4 billion valuation for the PUMP token. An individual token was priced at 0.004 USDT, with a total sale of 150 billion out of a total supply of 1 trillion PUMP tokens.
Access Issues to the Page
After the page was taken down on Gate.io, no comments regarding the announcement were made, leaving users confused as to whether it was a leak or a cancellation. Earlier reports suggested a launch of the Pump.fun token in June, with plans to raise $1 billion at a similar valuation.
Future of Pump.fun Token
Prior to the page removal on Gate.io, predictions for the launch of the token varied. 25% anticipated a token launch between October and December, while 85% expected it to occur between July and September. It remains uncertain whether the scheduled token sale on July 12 will proceed.
The current situation regarding the Pump.fun token sale remains uncertain and piques the interest of crypto investors. The further actions of the Pump.fun team and Gate.io may clarify the developments.
