During the recent memecoin frenzy, the Pump.fun platform emerged as the only real control tower. A few months later, it seems that a PUMP token sale is about to happen. Or maybe not, after all!
The Pump.fun platform is organizing a public sale of PUMP tokens
The strong popularity of memecoins over the past year has allowed some players in this sector to quickly establish themselves as leaders. This is undoubtedly the case for the Pump.fun platform, which is behind the creation of the majority of these tokens on the Solana (SOL) blockchain.
This trend has since largely subsided. Indeed, the platform’s daily volumes have declined significantly since their peak in January 2025. This apparent calm could well hide a storm on the horizon, with the highly anticipated launch of a PUMP token aimed at raising a total of $1 billion.
A rumor that has been circulating for months could soon become a reality. At least, that’s what the recent announcement—discovered thanks to a leak—on the cryptocurrency exchange platform Gate.io, widely shared on the X network, suggests.
An Initial Exchange Offering (IEO) public sale has been announced for July 12, with 150 billion PUMP tokens (15% of its supply) available at an initial price of $0.004. The goal is apparently to raise the equivalent of $600 million on a first-come, first-served basis.
The PUMP cryptocurrency is the official utility token of the Pump.fun memecoin launchpad and the swap.pump.fun AMM protocol. [It] will not be required to use the Pump.Fun protocols, which remain unlicensed. [Its] holders may choose to participate in promotional activities.
Gate.io
Has the Gate.io platform got itself in a muddle?
A revelation whose popularity has been hampered by the fiasco triggered by the Gate.io platform’s seemingly somewhat lax management. Indeed, just a few hours after its discovery, the official page for this sale was discreetly removed.
Since then, no official communication from Gate.io or the Pump.fun platform has confirmed or denied this public sale. Clearly, embarrassment prevails in the face of the unexpected spotlight on this event, which could prove very popular with crypto investors.
The only information available concerns a response from the Gate.io platform to one of its users regarding the sudden removal of this page. A conclusion to this article that is unlikely to calm the waters surrounding this affair:
Following negotiations between Gate and the project, Gate has removed the Pump.fun Pre-Market OTC event. At this time, there is no confirmed date or announcement regarding its reopening.
Gate.io
