Cryptocurrency Exchange Gate.io quietly deleted the page showing upcoming token sale for the Pump.Fun Solana-based MemeCoin platform.
On Tuesday, X users noticed a “leaked” webpage that details the public sale of the official token, scheduled to begin on July 12th.
This page offers 150 billion tokens at $0.004 of the total supply of 1 trillion tokens. The salary increase is about $600 million.
This page lists the “first official public token sale” for IEO (early replacement product) Marks Pump, with an IEO rating of $4 billion.
However, Crypto Exchange later removed the page from both the English and Chinese versions of the website, showing a 404 “page not found” notification.
gate.io support posts add more confusion
A response from gate.io’s support to users regarding Takedown states, “Following negotiations between Gate and Project, Gate has removed Pump.fun Pre-Market OTC. At this time, there is no date or announcement of a reopening.”
This message refers to the October 2024 announcement and means that the exchange will no longer support Pump.fun’s over-the-counter transactions.
Cointelegraph reached out to gate.io and pump.fun founder Alon Cohen for comment, but did not receive an immediate response.
Token sale rumors
In early June, rumors were revealed that Pump.Fun was planning to raise $1 billion through a token sale valued the company at $4 billion.
But neither the platform nor its co-founder Aron Cohen confirmed these rumors despite reports from the time cited people familiar with the issue.
Related: Pump.fun and its founder were hits with X-account suspension blitz
Pump.fun’s popularity fades after Memecoin Slump
Solana-based Meme Marketplace Pump.fun surged in popularity in January during Memecoin Minting Frenzy.
According to Dune Analytics, the platform has facilitated the creation of approximately 4.4 million Solana (SOL), or more than 11 million new tokens with total revenue of around $655 million.
However, Dune says volumes have plummeted about 75% since the height of Memecoin Frenzy in January.
Defillama has reported a steep 80% slump in the platform’s daily volume for the past six months.
Cointelegraph reported Monday that Solana’s latest Memecoin Launchpad Letsbonk doubled Pump.fun’s daily revenue for $1 million, rocking the leaderboards in the Memecoin space.
Related: Is Dogecoin set to rebound? Ripple Eyes US Banking License: Hodler’s Digest
