Why Gate.io Deletes $600M Pump.fun Token Sale Page From Website?

Over the weekend, Gate.io, one of the crypto industry's oldest exchanges, made waves after it silently deleted a webpage showing details of a massive $600 million Pump.fun token sale. 

The sudden takedown left traders scratching their heads and fueled speculation across social media about whether the token launch was ever official—or if it was canceled behind closed doors.

Let’s break down what happened, what we know so far, and why this matters if you’re following Solana’s memecoin ecosystem.

Read Also: What is Pump.fun? Solana Meme Coin Launcher Explained

Key Takeaways

• Gate.io briefly published a page announcing a $600 million Pump.fun token sale, then removed it without clear explanation.
• The takedown has led to speculation about whether the IEO was real, canceled, or delayed.
• Pump.fun’s memecoin platform has seen volumes drop 75-80% since January.
• Investors should wait for official confirmation before committing funds.

Register now on Bitrue — a trusted crypto exchange used by millions worldwide. Bitrue gives you access to hundreds of tokens, low-fee trading pairs, and high-yield staking opportunities. Whether you're buying Bitcoin, trading altcoins, or exploring new DeFi projects, Bitrue makes it easy to get started. Sign up today and start your crypto journey in minutes.

What Was on the Deleted Page?

Earlier this week, eagle-eyed users on X (formerly Twitter) spotted a live Gate.io page outlining an Initial Exchange Offering (IEO) for the Pump.fun token.

According to the page:

• 150 billion tokens would be sold at $0.004 each.
• The total token supply was 1 trillion tokens.
• This sale was valued at around $600 million—an astonishing figure even in the memecoin space.
• The IEO was scheduled to start on July 12, billed as Pump.fun’s first official public sale.
• The valuation target was $4 billion, positioning it as one of the largest token sales this year.

In other words, it looked like Pump.fun was gearing up for a blockbuster raise.

How Did the Deletion Unfold?

Not long after the page started circulating online, Gate.io removed it entirely, replacing it with a generic 404 error page in both English and Chinese versions of its website.

When traders began demanding an explanation, Gate.io’s support team posted a cryptic response, stating:

“Following negotiations between Gate and the project, Gate has removed Pump.fun Pre-Market OTC. At this time, there is no confirmed date or announcement for its reopening.”

This reply only deepened confusion because it referenced an older October 2024 announcement about ending over-the-counter trading for Pump.fun, rather than clarifying whether the IEO itself was canceled.

Why Was the Page Removed?

At the time of writing, there is no clear, official reason for the deletion. Both Gate.io and Pump.fun’s co-founder, Alon Cohen, have remained silent despite media requests.

However, there are several likely explanations:

• Premature Publication: Some believe the page may have been mistakenly published before Pump.fun finalized the sale details.
• Regulatory Concerns: A $600 million public raise could attract scrutiny from regulators in multiple jurisdictions.
• Market Volatility: With memecoin volumes down sharply since January, Pump.fun may be reconsidering timing.
• Internal Negotiations: The language in Gate.io’s statement hints that the project and the exchange are still discussing terms.

Pump.fun’s Tumultuous Year

The controversy comes after a rollercoaster 12 months for Pump.fun.

• January: The Solana-based platform exploded in popularity, fueling a memecoin minting boom that saw over 11 million tokens created.
• First Quarter: According to Dune Analytics, Pump.fun generated roughly $655 million in revenue.
• Since March: Activity has plummeted by 75-80%, as traders moved to other platforms like LetsBonk, which recently surpassed Pump.fun in daily revenue.

The sharp decline has many wondering if a massive token sale now could reignite interest or simply dilute what’s left of the brand’s momentum.

What’s Next for the Token Sale?

At this stage, no one knows for sure:

• Gate.io has not committed to any new date for an IEO.
• Pump.fun leadership has not issued a public statement confirming or denying plans to proceed.
• Community sentiment remains split—some see the removal as a routine delay, while others fear the token sale was never fully planned.

If you’re following Pump.fun, expect more developments in the coming weeks as either side clarifies their intentions.

Why This Matters

The incident underscores why caution is essential in crypto:

• Memecoin launches are often opaque. Even exchanges with established reputations can publish (and remove) massive sales without clear explanations.
• Regulatory headwinds are intensifying worldwide, especially around large fundraising events.
• Investor FOMO can drive hype around incomplete information, risking capital on rumors rather than verified details.

As always, do your own research before participating in token sales, and be wary of announcements that lack transparent documentation.

Read Also: Is Pump.Fun Banned? Looking at Its Twitter Account

FAQs

Why did Gate.io delete the Pump.fun sale page?

Gate.io only said it removed the page after “negotiations” with Pump.fun, but hasn’t provided clear details.

Is the Pump.fun token sale canceled?

There is no official confirmation that it’s canceled, only that there’s no confirmed date or announcement for reopening.

Could regulatory issues be the reason?

It’s possible. A $600M sale could trigger scrutiny, especially given Pump.fun’s memecoin focus.

Will the token sale happen later?

Potentially, but no timeline has been shared.