Cryptocurrency exchange gate.io has quietly removed a page showing an upcoming token sales for the pump.
On Tuesday, X users noticed a “leak” webpage, showing the details of the public sales of the pump starting on July 12.
The page shows that 150 billion tokens are being offered at $ 0.004 out of the total supply of 1 trillion tokens. This increase will be around $ 600 million.
The page states that the IEO (initial exchange offering) marks the “first official public token sales” of the pump, and the IEO assessment is set to $ 4 billion.
However, Crypto Exchange later removed the page from both English and Chinese versions of the website, now showing a 404 “page not found” notice.
Gate.IO support posts add to confusion
A response from Gate.IO support to a user about Takedown has only added more confusion, stating, “After a conversation between the gate and the project, the gate has removed the pump. East-Bazar OTC. At this time, there is no confirmation or declaration to open it.”
The message refers to the October 2024 announcement that the exchange will no longer support over-the-counter trading for the pump.
Cointelegraph Gate.IO and reached the pump. Founder Alon Cohen for the comment, but did not get immediate response.
Token sales rumors
In early June, rumors were revealed that the pump. Fun was planning to raise $ 1 billion through a token sales that would give importance to the company in $ 4 billion.
However, neither the forum nor its co-founder, Alon Cohen confirmed these rumors despite a report citing people familiar with the matter.
Connected: Pump.
Pump.
Solana-based Meme Marketplace Pump. Fun increased popularity during Memcoin mining frenzy in January.
According to Tibba Analytics, the platform has facilitated the construction of more than 11 million new tokens with a combined total revenue of about 4.4 million Solan (Soul), or approximately $ 655 million.
However, according to Dune, the volume has fallen by about 75% since the height of Memcoin frenzy in January.
Defilama reported a daily amount of 80% decline on the stage in the last six months.
On Monday, the coinlagraph reported that Solan’s newest Memcoin Launchpad, Latsbonac, doubled the pump. Daily revenue with 1 million dollars, shaking the leaderboard in Memcoin space.
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