Pump.fun caused a stir when its $600 million token sale appeared and disappeared on Gate.io.
The PUMP Token sale page (150 billion Tokens, $0.004 per Token) revealed a valuation of $4 billion, but was quickly removed by Gate.io and there has been no official announcement of reopening.
MAIN CONTENT
Gate.io's 150 billion PUMP Token sale page worth $600 million has been removed, with the future of the sale unknown.
Experts say this is the most controversial Token issuance event, with the risk of draining liquidity from the memecoin market.
Pump.fun competes fiercely with memecoin launchpad platforms like Raydium LaunchLabs and LetsBONKFun.
How did Gate.io react to the removal of Pump.fun Token sale page and why?
Gate.io confirmed that there is no plan or time to reopen the PUMP Token sale, showing caution with this project.
The PUMP Token sale page suddenly appeared and was quickly deleted, creating a wave of speculation on the social network Crypto Twitter. Gate.io support team said:
“Gate has removed Pump.fun (PUMPFUN) from OTC before the official time. There is currently no specific announcement on the reopening date.”
Announcement from Gate.io Support Team, July 2025
Pump.fun co-founder Alon Cohen has not yet publicly commented on the incident.
Why is the PUMP Token Release considered “the most controversial Token release ever”?
According to Simon Dedic – partner of Moonrock Capital, this Token issuance event is very real and will cause big waves in the market.
Simon Dedic says this could be the most controversial Token Generation Event (TGE) in crypto history:
“This is probably the biggest and most controversial TGE event ever. Whether you attend or not, this is an event to watch.”
Simon Dedic, Partner Moonrock Capital, July 2025
At the same time, some analysts warn that this could be a “liquidity drain” similar to the previous launch of the TRUMP memecoin, creating great risks for retail investors.
Trader Income Sharks also commented that this would be an “exit scam” and advised that no one should complain if they lost money in this case:
“I don't want to hear anyone complaining about losing money at the Pump.fun Token launch event.”
Crypto influencer Ansem compared the negative impact of the PUMP Token to “the second plane that hit the Twin Towers” causing a liquidity freeze after the TRUMP memecoin incident.
How is Pump.fun facing competition from other memecoin launchpad platforms?
Despite attracting a lot of attention, Pump.fun is under fierce competitive pressure and the market is showing signs of cooling down.
Since its launch in 2024, Pump.fun has achieved over $68 billion in cumulative trading volume and generated $694 million in revenue. However, daily revenue has dropped from over $7 million to under $2 million in Q2 2025.
Source: DefiLlama, July 2025
At the same time, other platforms such as Raydium LaunchLabs and LetsBONKFun are attracting more and more users, with LetsBONKFun even surpassing Pump.fun in revenue thanks to the strong spread of the USELESS memecoin.
The market reaction to the launch of the PUMP Token remains something that many experts and investors will closely monitor in the coming days.
Frequently Asked Questions
What is PUMP Token?
PUMP Token is a Token of the launchpad platform memecoin Pump.fun which is set to be sold on Gate.io with a large quantity of 150 billion Tokens.
Why was the PUMP Token sale page removed on Gate.io?
Gate.io has not announced an official reason, but they confirmed the removal of the sales page and have no plans to reopen it.
Is the PUMP Token Release Risky?
Experts warn of great risks due to possible liquidity withdrawal, investors need to be cautious.
Which platforms is Pump.fun competing with?
Pump.fun competes primarily with Raydium LaunchLabs and LetsBONKFun, strong players in the memecoin launchpad space.
What is the current revenue status of Pump.fun?
Revenue has plummeted from $7 million a day to below $2 million a day, indicating a market slowdown.
Source: https://tintucbitcoin.com/pump-fun-token-bi-xoa-nguy-co-mat-600-trieu-usd/
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