TLDR

Gate.io removed a webpage showing a $600 million Pump.fun token sale scheduled for July 12, 2025
The deleted page showed 150 billion PUMP tokens for sale at $0.004 each with a $4 billion valuation
Gate.io support said there is no confirmed date for reopening after negotiations with the project
Polymarket odds show 83% chance of token launch before July 31, 2025
Pump.fun revenue has dropped 75% since January memecoin peak and faces new competition

Crypto exchange Gate.io quietly removed a webpage showing details of a planned token sale for memecoin platform Pump.fun. The page had shown 150 billion PUMP tokens for sale at $0.004 each on July 12, 2025.

The deleted page indicated this would be Pump.fun’s first official public token sale through an Initial Exchange Offering (IEO). With 150 billion tokens out of a total supply of 1 trillion, the raise would have totaled around $600 million at a $4 billion valuation.

Source: Gate.io

Users on X first noticed the leaked webpage on Tuesday before it disappeared from both English and Chinese versions of the Gate.io website. The page now shows a 404 “page not found” error message.

Gate . io just leaked pump fun public sale…

their official website just created “Public Sale of $PUMP token”

it says the event launches in 4 days 18 hours, and they’re aiming to raise $600m.

interesting.https://t.co/MnQn2odlS4 pic.twitter.com/J00Jw7PanY

— lyxe (@cryptolyxe) July 7, 2025

Gate.io support responded to user questions about the removal with a confusing statement. The exchange said it had removed the Pump.fun Pre-Market OTC following negotiations with the project. Support added there is no confirmed date for reopening the sale.

The response referenced an October 2024 announcement where Gate.io said it would no longer support over-the-counter trading for Pump.fun. Neither Gate.io nor Pump.fun founder Alon Cohen provided immediate responses to requests for comment.

Market Speculation and Controversy

Despite the page removal, betting markets show strong odds for a token launch. Polymarket users place an 83% chance that Pump.fun will launch its token before July 31, 2025.

Simon Dedic, partner at Moonrock Capital, claimed the deleted announcement was legitimate based on insider sources. He called the potential debut the “biggest and yet most controversial token generation event of all time.”

However, many crypto traders expressed skepticism about the token launch. Some compared it to previous memecoin launches that drained liquidity from markets. Traders warned the event could function as an exit scam similar to the TRUMP memecoin debut.

Crypto analyst Income Sharks advised users not to complain about losing money on the Pump.fun token launch. Another influencer, Ansem, compared the potential impact to a second major market disruption after the TRUMP memecoin event.

Platform Performance and Competition

Pump.fun achieved rapid success during the memecoin boom, handling over $68 billion in cumulative trading volume. The platform has generated $694 million in total revenue since launching in 2024 according to various data sources.

However, the platform’s momentum has slowed considerably since its peak. Daily revenue has dropped from over $7 million to below $2 million in recent months. Trading volumes have plummeted around 75% since January’s memecoin frenzy.

DefiLlama data shows an even steeper 80% decline in daily volume over the past six months. The platform has facilitated creation of more than 11 million new tokens with combined revenue of approximately 4.4 million Solana tokens.

Pump.fun now faces increased competition from rival memecoin launchpads. Raydium’s LaunchLabs and LetsBONKFun have emerged as competitors for market share.

LetsBONKFun recently surpassed Pump.fun in daily revenue for two consecutive days, generating $1 million through its viral USELESS memecoin. This development has shaken up the memecoin launchpad rankings and challenged Pump.fun’s market position.

The post Gate.io Removes Pump.fun Token Sale Page Worth $600 Million appeared first on CoinCentral.

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Filed under: News - @ July 9, 2025 9:29 am