The PUMPFUN token of the Pump.fun platform is facing delays in launching as Gate.io removes its pre-market pairs. This decision has raised concerns among traders.
Removal of PUMPFUN from Gate.io
Gate.io, one of the leading centralized platforms for new tokens, has removed the pre-market pairs for PUMPFUN. The ticker was designed to differ from the numerous meme tokens that have been launched with similar claims.
Challenges Facing PUMPFUN Launch
PUMPFUN was expected to launch as early as July, but the limited activity in the pre-market OTC pairs, coupled with a lack of clear information from Gate.io regarding the token generation event and listing, is creating negative perceptions in the trading community.
Decline in Pump.fun Activity
The Pump.fun platform is experiencing a slowdown, coinciding with increasing pressure from competitor LetsBonk.fun. Recent data shows a significant drop in volumes and daily fees, returning to levels seen earlier in the spring.
The removal of the PUMPFUN token from Gate.io raises questions about its future prospects in the market, especially given the declining activity of the Pump.fun platform and competitive pressures.
