Pump.fun Token Launch Uncertain After Gate.io Abruptly Removes Pre-Market Listing
2025-07-08 18:56:41
Main Idea
The launch of Pump.fun's native token faces uncertainty after Gate.io removed its pre-market sale page, leaving traders without clarity on the timeline.
Key Points
1. Gate.io removed Pump.fun's pre-market OTC sale page, which was scheduled for July 12-15, offering 150 billion tokens at $0.004 each.
2. The sale aimed for a $4 billion fully diluted valuation and intended to raise around $600 million, but was taken down without a confirmed reopening date.
3. Pump.fun, launched in January 2024, operates on Solana and has been associated with community rewards and giveaways.
4. A Solidus Labs report found that over 98% of tokens launched on Pump.fun collapse into rug pulls or pump-and-dump schemes, with only 97,000 out of seven million maintaining liquidity above $1,000.
5. Pump.fun's bonding curve model benefits early buyers, while later participants face risks like 'deployer-funded, same-block sniping.'
Description
The long-speculated launch of Pump.fun’s native token is facing fresh uncertainty after crypto exchange Gate.io abruptly removed its pre-market listing for the coin. The latest development has left traders without clarity on its timeline. Gate.io Pulls Pump.fun Token Sale Page On Tuesday, Gate.io posted details for what appeared to be the first official sale of the Solana-based meme coin platform’s utility token. A sale was scheduled for July 12-15, which offered 150 billion tokens at $0.004 eac...
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