The long-speculated launch of Pump.enjoyable’s native token is dealing with contemporary uncertainty after crypto alternate Gate.io abruptly eliminated its pre-market itemizing for the coin.
The most recent growth has left merchants with out readability on its timeline.
Gate.io Pulls Pump.enjoyable Token Sale Web page
On Tuesday, Gate.io posted particulars for what appeared to be the primary official sale of the Solana-based meme coin platform’s utility token. A sale was scheduled for July 12-15, which supplied 150 billion tokens at $0.004 every, and aimed for a $4 billion totally diluted valuation and elevating round $600 million. Nonetheless, the web page was swiftly taken down inside hours, changed by a 404 error.
Shortly thereafter, Gate.io introduced that after discussions with the undertaking, it had eliminated Pump.enjoyable’s pre-market OTC buying and selling pairs and returned funds to all presale contributors. The alternate didn’t present a brand new itemizing date, however said that updates would solely come by way of official bulletins.
“Hiya. We wish to inform you that, in response to the most recent announcement concerning PUMPFUN, following negotiations between Gate and the undertaking, Gate has eliminated Pump.fuun Pre-Market OTC. Presently, there is no such thing as a confirmed date or announcement for its reopening.”
Moreover, Gate.io had even arrange a countdown and presale tracker earlier than eradicating it, which indicated some degree of superior planning. With no remark from the Solana-based memecoin platform concerning the elimination or affirmation of the sale particulars, together with the leaked July 12-15 window, the undertaking’s token launch now seems postponed indefinitely.
The most recent snafu has fueled confusion throughout the neighborhood over whether or not the takedown was on account of a leak, a advertising misstep, or deeper strategic points.
Pump.enjoyable was launched in January 2024 by pseudonymous founder Alon Cohen, permitting customers to launch and commerce meme cash immediately utilizing a bonding curve mannequin on Solana. It’s rumored that the native token was anticipated to unlock future options like neighborhood rewards and giveaways.
Stories in early June additionally urged that Pump.enjoyable was eyeing a $1 billion token elevate that may worth it at $4 billion, however the platform and its co-founder didn’t confirm these rumors.
Pump.enjoyable Controversies
A Solidus Labs report in Might discovered that greater than 98% of tokens launched on Pump.enjoyable collapse into rug pulls or pump-and-dump schemes. Between January 2024 and March 2025, over seven million tokens have been launched on the platform, however solely 97,000 maintained liquidity above $1,000.
Pump.enjoyable’s bonding curve mannequin advantages early consumers whereas later contributors face steep losses when creators exit, the report mentioned. Separate findings from Pine Analytics highlighted “deployer-funded, same-block sniping,” a tactic that allows creators to revenue immediately at launch.
The meme coin generator additionally confronted vital authorized troubles, particularly with the class-action lawsuits over unregistered securities. It additionally needed to droop its livestream function indefinitely after disturbing content material, together with violence and threats, in November final 12 months.
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