The Pump.fun platform has once again delayed the auction of its token, originally planned for June 25, due to various circumstances.
Postponed Token Auction
Pump.fun will continue to operate as a tokenless platform as the TGE and auction have been delayed. Initially set for June 25, the event may now be pushed to mid-July.
Gradual Token Sales to Private Investors
According to recent sources, the platform is already selling token allocations to private investors through pre-market trading on the Aevo DEX. It is expected that up to $70M may be raised in initial stages ahead of a larger token generation event.
Speculations in the PUMP Market
Even with the delayed official launch, PUMP is seeing activity in pre-market trading, reaching peak values. There are expectations that the proper token sale event may fill up in minutes.
The delay in Pump.fun's token auction highlights uncertainties in the market and continues to generate interest among investors. PUMP is expected to become a significant asset despite the current lack of an official release.
