The launch of the PUMP token on the Pump.fun platform encountered uncertainty following the sudden removal of the sale announcement from cryptocurrency exchange Gate. This step raised many questions among users about the token's future.
Removal of PUMP Token Announcement from Gate
Gate had previously posted on its website about the upcoming launch of the PUMP token, planned as the first public offering through an Initial Exchange Offering (IEO). The announcement indicated a sale of 150 billion tokens at a price of $0.04, which could potentially bring the project around $600 million. However, this announcement was subsequently removed, leading to confusion among users.
Explanation from Gate
According to Gate's support team, the announcement was taken down due to ongoing discussions between the Pump.fun project and the exchange. Gate representatives confirmed that no official date has been set for the resumption of the sale announcement. This removal is further explained by a prior statement indicating the termination of support for over-the-counter trading of Pump.fun tokens.
Decline in Pump.fun Activity
The Pump.fun platform, which has played a significant role in meme token creation on the Solana network, has recorded a notable decline in activity. For instance, trading volume has dropped by 75% since January 2025. The number of tokens that successfully launched has also decreased from 1,168 to just 69, indicating a drop in user interest in the platform.
The uncertainty surrounding the launch of the PUMP token and the decline in activity on the Pump.fun platform underline the need for further clarification from the project's team and monitoring of the meme token market.
