Gate.io delists PUMP token sale page, casting doubt on $4B launch plan.
Traders raise concerns over Pumpfun’s $4B valuation and token supply model.
Pump.fun activity drives memecoin creation and market response on Solana network.
The planned public sale of the native PUMP token from the leading memecoin launchpad, Pump.fun, has hit a major snag after the crypto exchange Gate.io unexpectedly removed the official sale listing without warning.
The token sale was scheduled to launch on July 12 in a 72-hour public event. The sudden delisting has created significant uncertainty around the rollout, despite ongoing promotional activity for the launch on social media platforms. As of July 8, Gate.io has not provided an official explanation for the removal.
The Planned $4 Billion Token Launch
The now-disrupted token sale was set to be one of the largest of the year. According to details shared by crypto users ahead of the delisting, the sale was structured to offer 150 billion PUMP tokens at a price of $0.004 each.
This would represent 15% of the total one trillion token supply and would have established a massive $4 billion valuation for the project from …
The post Pump.fun Token Sale Hits Snag as Gate.io Abruptly Removes Listing appeared first on Coin Edition.
