Crypto exchange Gate.io hit the anticipated sale of PUMP tokens by removing the page just days before it was set to begin. This decision has left many investors puzzled.
Removal of the PUMP Token Sale Page
Crypto exchange Gate.io unexpectedly took down the page for the PUMP token sale that was set to kick off on July 12. The removal wiped all details of the $600 million offering. According to the now-deleted page, 150 billion PUMP tokens were priced at $0.004 each, constituting 15% of the total 1 trillion supply.
Investor Perspectives
Following the removal, many potential investors remain uncertain about whether the sale will proceed. Gate.io reported that the removal followed negotiations with Pump.fun, yet neither party has confirmed a new date or information on whether the token launch will proceed in any format.
Development of the Solana ETF Situation
Meanwhile, there may be good news for Solana. While investors wait for information regarding PUMP tokens, the possible launch of spot Solana ETFs is gaining traction. According to sources close to the SEC, the regulator may fast-track applications for these funds. The SEC is expected to require ETF issuers to submit amended filings by the end of the month.
The situation with PUMP tokens remains uncertain, while new interest in Solana and possible ETFs emerges. How events will unfold remains to be seen.
