Pump.fun’s token sale page vanishes, $600M on the line – What next?

Key Points

1. Pump.fun's token sale page disappeared, showing 150 billion PUMP tokens (15% of supply) set for sale at $0.004 each, implying a $600M raise and $4B valuation.

2. Gate removed Pump.fun's pre-market OTC with no confirmed reopening date, and Pump.fun's co-founder had not commented publicly.

3. The token launch, scheduled for July 12, is speculated to be the 'biggest and most controversial TGE of all time,' with an 83% chance of occurring before July 31.

4. Some traders warned the token could be an 'exit scam,' cautioning investors about potential losses.

5. Pump.fun faces competition from platforms like Raydium’s LaunchLabs and LetsBONKFun, which recently surpassed it in revenue due to viral memecoins.