Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 104459
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.89%
Bitcoin Share
crypto.news 2025-07-08 07:57:00

Pump.fun token sale page disappears from Gate.io ahead of planned launch

Pump.fun token sale page disappears from Gate.io ahead of planned launch

Cryptocurrency exchange Gate.io has quietly removed a previously visible token sale page for Pump.fun, the Solana-based memecoin platform known for its frictionless token launches. On July 7, crypto community members on X circulated screenshots of a Gate.io page advertising a sale for Pump.fun’s native token, PUMP, scheduled to begin on July 12. The page detailed a 72-hour initial exchange offering, pricing 150 billion tokens at $0.004 each, implying a raise of $600 million and a fully diluted valuation of $4 billion. https://twitter.com/wublockchain/status/1942363254556352886?s=46&t=nznXkss3debX8JIhNzHmzw The token sale, if accurate, would mark Pump.fun’s first official public fundraising round. However, the exchange has since deleted the announcement without explanation, with the page now displaying a 404 error. Neither Pump.fun nor Gate.io has addressed the page removal, and no formal updates have been posted by Pump.fun’s co-founder Alon Cohen. Speculation around a $1 billion raise at a $4 billion valuation first emerged in early June, though the platform has repeatedly avoided confirming or denying the rumors. The now-deleted Gate.io page appeared to align with those earlier reports, indicating a serious move toward monetizing the platform’s success, a plan now in limbo. You might also like: Pump.fun revenue plummeted over 90% from historical peak Launched in early 2024, Pump.fun allows anyone to create memecoins instantly using a bonding curve model for liquidity and pricing. At its peak during the January memecoin surge, the platform saw daily revenues above $7 million. It has now facilitated over 11 million token creations, generating roughly $700 million in protocol revenue, as per Dune Analytics data . Yet, Pump.fun has faced increasing legal scrutiny. Following a warning from the Financial Conduct Authority, it was banned in the United Kingdom and is currently facing a class-action lawsuit in the United States regarding alleged unregistered securities. The abrupt removal of the IEO listing raises concerns about potential shifts in token economics, internal platform decisions, or regulatory pressure. The PUMP token offering’s future is uncertain until a formal statement is made public. Read more: Pump.fun strengthens legal team with fresh hires to fight Burwick lawsuit

Most Read News

Moralis Money
Market Cap
24h Vol
63.89%
Bitcoin Share
59
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.