Pump.fun once caused a stir when a Token sales page worth $600 million appeared and then disappeared on Gate.io.
The sales page for PUMP Token (150 billion Tokens, $0.004 per Token) revealed a valuation of $4 billion but was quickly removed from Gate.io with no official reopening announcement.
- The sales page for 150 billion PUMP Tokens worth $600 million on Gate.io was deleted, with an uncertain future for sales.
- Experts believe this is the most controversial Token Generation Event, with a risk of draining liquidity from the meme coin market.
- Pump.fun is in fierce competition with memecoin launchpad platforms like Raydium LaunchLabs and LetsBONKFun.
How Did Gate.io React to Removing the Pump.fun Token Sales Page and Why?
Gate.io confirmed it has no plans or timeline for reopening PUMP Token sales, demonstrating caution about this project.
The PUMP Token sales page suddenly appeared and was quickly removed, creating a wave of speculation on Crypto Twitter.
"Gate has removed Pump.fun (PUMPFUN) from OTC before the official time. Currently, there is no specific announcement about the reopening date."
Announcement from Gate.io support team, July 2025
Pump.fun co-founder Alon Cohen has not made a public comment about this incident.
Why is the PUMP Token Issuance Considered the "Most Controversial Token Generation Event"?
Simon Dedic from Moonrock Capital assessed that this Token Generation Event is very real and will create significant market waves.
Simon Dedic stated this could be the most controversial Token Generation Event in cryptocurrency history:
"This is likely the largest but also the most controversial TGE to date. Whether you participate or not, this is an event to watch."
Simon Dedic, Partner Moonrock Capital, July 2025
Some analysts warn this could be a "liquidity drain" similar to the TRUMP meme coin launch, creating significant risks for small investors.
Trader Income Sharks even suggested this will be an "exit scam" and advised no one should complain if they lose money:
"I don't want to hear anyone complaining about losing money in the Pump.fun Token launch."
Crypto influencer Ansem compared the negative impact of PUMP Token to "the second plane hitting the Twin Towers", causing liquidity freeze after the TRUMP meme coin event.
How is Pump.fun Facing Competition from Other Meme Coin Launchpad Platforms?
Despite attracting attention, Pump.fun is under intense competitive pressure, and the market shows signs of cooling.
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
Meanwhile, other platforms like Raydium LaunchLabs and LetsBONKFun are attracting more users, with LetsBONKFun even surpassing Pump.fun's revenue thanks to the widely spread USELESS meme coin.
The market reaction to the PUMP Token launch is still being closely monitored by many experts and investors in the coming days.
Frequently Asked Questions
- What is the PUMP Token?
The PUMP Token is a Token from the Pump.fun meme coin launchpad platform, set to be sold on Gate.io in a large quantity of 150 billion Tokens.
- Why was the PUMP Token sales page removed from Gate.io?
Gate.io has not officially announced the reason, but they confirmed removing the sales page and have no plans to reopen.
- Are there risks with the PUMP Token issuance?
Experts warn of significant risks due to potential liquidity drainage, and investors should be cautious.
- Which platforms is Pump.fun competing with?
Pump.fun is primarily competing with Raydium LaunchLabs and LetsBONKFun, strong competitors in the meme coin launchpad space.
- What is Pump.fun's current revenue status?
Revenue has significantly dropped from $7 million/day to under $2 million/day, indicating market cooling.
