The crypto community was stirred this week when a token sale page for Pump.fun’s native token, PUMP, briefly appeared on centralized exchange Gate.io. According to archived versions and community screenshots, the page detailed a sale of 150 billion PUMP tokens, representing 15% of the total 1 trillion token supply. Tokens were priced at $0.004 USDT each, implying a total raise of $600 million and a fully diluted valuation of $4 billion.
The token sale was structured as a 72-hour event on a first-come-first-served basis. The format reportedly had no upper purchase limit, only a minimum entry requirement, a structure that drew both interest and concern from observers. However, the page was swiftly taken down without explanation, returning a 404 error when accessed.
Gate.io later confirmed that the sale listing was removed after discussions with the Pump.fun project. “Following negotiations between Gate and the project, Gate has removed Pump.fun Pre-Market OTC. At this time, there is no confirmed date or announcement for its reopening,” the exchange stated.
No Confirmation from Pump.fun
Pump.fun has remained silent on the matter. The project, known for its viral memecoin launchpad built on Solana, has not issued any public statement regarding the appearance or removal of the token sale page. This silence is in stark contrast to the growing buzz within the community.
The situation is further complicated by the project’s past messaging. Back in April 2025, co-founders of Pump.fun publicly denied having any plans to issue a native token, reinforcing their focus on facilitating community-driven coin launches rather than pursuing a token of their own. The sudden emergence of a token sale on a major exchange now appears to contradict those earlier statements, prompting further speculation.
Market Eyes on July 12
Many in the crypto space had marked July 12, 2025, as the expected start date for the token sale, based on details from the now-deleted Gate.io page. Whether that date still holds any significance remains unclear. With less than a week to go, community members, traders, and analysts are closely watching for any signals from Pump.fun or Gate.io.
Despite the uncertainty, the interest in a PUMP token remains high. Pump.fun has garnered a significant user base and daily transaction volume by enabling rapid deployment of memecoins on Solana. A native token would logically enhance governance, incentivization, and protocol economics—assuming it follows through.
Until an official announcement is made, however, investors and interested parties are advised to proceed with caution. The speculative frenzy, paired with the lack of transparency, underscores the volatile and often unpredictable nature of memecoin and launchpad ecosystems.
In the meantime, the crypto community is left wondering: Was this a premature leak, a scrapped plan, or a calculated teaser to drum up attention? With July 12 fast approaching, clarity is expected soon—or at least, hoped for.
