PumpFun removed from pre-market trading Gate.io after discussion

This article is machine translated
Show original
PumpFun Removed from Trading by Gate.io Before Opening Hours After Discussions

The Token launch of PUMPFUN on the Pump.fun platform is being delayed as Gate.io removes the trading pair before the official sale.

Gate.io has decided to delist the PUMPFUN pair from the platform and refund early buyers while there is no clear announcement about the TGE timing or Token listing price.

MAIN CONTENT
  • Gate.io stops early volatile trading of PUMPFUN and refunds investors.
  • Pump.fun is experiencing a slowdown in trading volume and daily fees below 1 million USD.
  • PUMPFUN Token is expected to have a total supply of 150 billion, with an initial price of 0.004 USD, but the launch is delayed with an uncertain timeline.

How Did Gate.io Handle the PUMPFUN Token Before Its Official Launch?

Gate.io – a leading centralized exchange – has stopped trading PUMPFUN OTC pairs before the Token's official release and refunded investors who participated in the presale.

The suspension of trading pairs occurred immediately after limited testing, showing the platform prioritizes user protection against risks before the Token's official launch. Gate.io will only make an official announcement when a final decision about the TGE is made.

The removal of PUMPFUN pre-market trading stems from thorough discussions between Gate.io and Pump.fun to ensure a transparent and stable market.
— Gate.io Spokesperson, July 2025

How Was Basic Information About the PUMPFUN Token Disclosed?

Pump.fun's initial plan was to issue 150 billion Tokens at a sale price of 0.004 USD/Token, with an estimated total market capitalization of up to 4 billion USD.

The presale was set to take place over 3 days from 12 to 15/7/2025, with the goal of raising a maximum of 1 billion USD. However, these parameters were only leaked before the event and not officially confirmed.

"Public Token Sale is expected to provide 150 billion Tokens at 0.004 USD, with a fully diluted valuation of 4 billion USD."
– SolanaFloor, 7/7/2025, Twitter

Why Has Pump.fun Been Slow and Experiencing a Decline Recently?

Pump.fun's daily activity is showing a clear downward trend, with daily transaction fees dropping below 1 million USD, similar to the situation before the meme Token wave exploded earlier in 2025.

The number of Token-creating addresses has dropped from 13,000 to 5,580, with around 100,000 active addresses daily. Competition from LetsBonk.fun with the BONK Token has diminished Pump.fun's position in the Solana meme market.

Chart of Pump.fun's Daily Fees Dropping Below 1 Million USD
Pump.fun's daily fees drop below 1 million USD, reflecting a slowdown in activity. | Source: DeFi Llama

Will the PUMPFUN Token Launch in the Near Future?

Currently, there are no clear signs about the timing of the PUMPFUN Token's official sale. Gate.io has committed to only announcing through official channels when a final decision is made.

This delay, along with the delisting of the trading pair, raises questions about the Token launch plan, making investors more cautious in a meme Token market affected by FUD and declining confidence.

Frequently Asked Questions (FAQ)

How Did Gate.io Handle PUMPFUN Presale Buyers?
Gate.io fully refunded investors who participated in the presale to protect their interests when stopping trading in advance.
What is the Total Supply and Initial Price of PUMPFUN?
The Token is expected to have a total supply of 150 billion, with a sale price of 0.004 USD and a fully diluted valuation of 4 billion USD.
What Are the Main Reasons for Pump.fun's Weakening Performance?
Slow growth, competition from other meme platforms, and daily fees dropping below 1 million USD.
Does Pump.fun Have Plans to Launch the Token in the Future?
Currently, there are no official announcements from Pump.fun or Gate.io about the Token sale timing.
Which Project is Competing with Pump.fun on Solana?
LetsBonk.fun with the BONK Token is outperforming Pump.fun based on daily transaction fees.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments