- A $ 600 million pump -token sales page appeared briefly on gate.io before silent was deleted without explanation.
- Some traders warned of the pump.
Solana’s (sun) Viral Memecoin Launchpad Pioneer, Pump.fun, became the center of speculation over the weekend after its alleged token sales page card appeared on gate.io – only to be deleted hours later.
The removed page showed 150 billion pumps (15% of supply), which was set for sale to $ 0.004 each, which means an increase of $ 600 million and an valuation of $ 4 billion.
The sale was scheduled to start on July 12 and highlight what would have been Pump.fun’s first official token launch.
Source: X.
Gate says “no confirmed reopening”. But why?
Of course the sudden Removal Sales page triggered speculation over Crypto Twitter.
In response, the support team mentionedThe
“Gate has removed Pumpfun (Pumpfun) before the market OTC. At present, there is no confirmed date or announcement for its recovery.”
Noteworthy, at press time, Alon Cohen, co -founder of pump.fun, had not made any public statements about the issue.
“Biggest and most controversial TGE of all time”?
But odds Of a token launch before July 31, 83% remained on the polymarket.
In fact, Simon Dedic, a partner at Moonrock Capital, claimed that the removed announcement was “legitimate”, with reference to insiders who were familiar with the project.
The Added That the debut would be the “most controversial” token generation event.
“This will probably be the largest and yet most controversial tge of all time. Whether you participate or not, definitely a must-look.”
But as the first time the update headings, most users Warned that the incident would be a liquidity outlet seen during the Trump Memecoin debut.
In fact, some merchants, such as revenue sharks, said that token will be a ‘output fraud‘And no one should cry if they lose money.
“I don’t want to hear a single person complain about losing money on the pumpfun token launch.”
Another crypto analyst and influencer, Anem, regarded it as the other plane that hit the twin towers. He suggested another liquidity freezing after the first hit “Trump Memecoin.”
Pump.fun facing fierce competition
That said, the platform has been an immediate success and operated the Memecoin Supercycle story.
It has Handled Over $ 68 billion in cumulative trade volume and attracted $ 694 million in total revenue since its launch in 2024.
But traction and daily revenues have dropped considerably since the second quarter from over $ 7 million to less than $ 2 million.
Source: Defillama
In addition, it has met competition from other Memecoin launch pads as Raydium’s (Ray) Launchlabs and Letsbonkfun.
In fact, Letsbonkfun exceeded pump. Fun in revenue over the past two days thanks to its viral Worthless memecoin drawing.
It remains to be seen how the market will react to the debut.
