Crypto exchange Gate.io has sparked confusion after suddenly removing the page announcing the upcoming Pump.fun token sale—without any prior notice. The sale was scheduled for July 12 and aimed to raise a staggering $600 million, but its abrupt disappearance has left the community wondering what’s going on.
🔹 Pump.fun, valued at $4 billion, was expected to offer 150 billion tokens at a price of $0.004 each—representing 15% of the total supply. The news initially drew massive attention as it marked the first collaboration between Pump.fun and Gate.io.
🔹 However, the excitement quickly turned into concern when the page vanished from both the English and Chinese versions of Gate.io’s website, replaced only by a 404 "Page Not Found" error.
Confused Community, Vague Response from Gate.io
Worried users began voicing their concerns on social media platform X after discovering the missing page. Gate.io responded vaguely, saying the removal followed "negotiations with the project" and added that "there is currently no confirmed reopening date or announcement."
This brief explanation, referencing a prior delisting of OTC pre-market activity, failed to directly address investors’ core concerns about the token sale.
Lack of Transparency Fuels Uncertainty
What started as a promising partnership has quickly become murky. With no clear statements from either Gate.io or Pump.fun founder Alon Cohen, investors are left guessing. The lack of transparency is fueling doubt, and the project’s short-term prospects have become increasingly unclear.
#Gate.io , #pumpfun , #CryptoNews , #defi , #CryptoMarket
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