Pump.fun, a platform built on the Solana blockchain, is facing challenges ahead of the public sale of its PUMP token scheduled for July 12, 2025.
Details of the PUMP Token Sale
The initial plan for the PUMP token sale involved offering 150 billion tokens for $0.004 USDT each. This represented 15% of the total supply of one trillion tokens, valuing the entire project at an impressive $4 billion. The sale was set 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 without any upper purchase limit beyond a minimum amount.
Unexpected Listing Removal by Gate.io
However, the abrupt removal of the page detailing the PUMP token sale by Gate.io left the community puzzled and concerned. Users encountered a '404 page not found' error on both the English and Chinese versions of the site. In response to user queries, Gate.io explained that the 'Pump.fun Pre-Market OTC' was removed after 'negotiations between Gate and the project,' but did not provide any confirmed dates or announcements for its reopening.
Community Reaction and Conclusions
The lack of clear updates from both Gate.io and Pump.fun's founder, Alon Cohen, has only intensified uncertainty. This has made it difficult for the market to gauge the project’s near-term outlook, fueling additional speculation within the community regarding the fate of the PUMP token sale. Despite the excitement surrounding Pump.fun's $4 billion valuation and the ambitious $600 million fundraising target, the unexpected removal of the listing has halted those hopes.
The situation regarding the PUMP token sale remains unclear, and the community is awaiting further clarification from all parties involved.
