pump.fun tokens started after Gate.io suddenly deleted the previous market list and was unsure

The long-term release of Fum.Fun’s original tokens after the advent of the Crypto Exchange Gate.

Latest developments keep traders from being clear about their timelines.

gate.io pulls the pump. Picture token sales page

On Tuesday, Gate.io released details of what appears to be the first official sale of the utility token of Solana Meme Coin Platform. The sale is scheduled to be held on July 12-15, with each person offering $150 billion in tokens targeting a fully diluted valuation of $4 billion and raising about $600 million. However, the page was quickly removed within a few hours, replaced by a 404 error.

Shortly thereafter, Gate.io announced that it removed the pump after discussions with the project. FUN’s pre-installed pre-OTC trading pairs and refunds funds to all pre-sale participants. The exchange did not provide a new listing date, but stated that the update will only be made through official announcements.

“Hello. We would like to inform you that Gate has removed the pump after negotiations between Gate and the project, according to the latest announcement on Pumpfun. Fuunpre Market Mortcet OTC. There is currently no confirmed date or announcement of reopening.”

Additionally, Gate.io has even built a countdown and pre-sale tracker before deleting it, indicating a level of advanced planning. As comments on Solana-based Memecoin platform have no comments on deleting or confirming sales details, including a leaked window from July 12 to 15, the project’s token release is now postponed indefinitely.

The latest SNAFU has sparked confusion within the community because evacuation is due to leaks, marketing mistakes or deeper strategic issues.

Launched in January 2024 by pseudonym founder Alon Cohen, it allows users to start and trade meme coins immediately using the bonding curve model on Solana. Rumors are that local tokens are expected to unlock future features such as community rewards and giveaways.

The early June report also suggested pump.fun focus on a $1 billion token raise, which would value it as $4 billion, but the platform and its co-founders did not verify the rumors.

Pump

A Solidus Labs report in May found that more than 98% of tokens fired on pumps were poured into the carpet or pumped and lowered the scheme. Between January 2024 and March 2025, more than 7 million tokens were launched on the platform, but only 97,000 maintained liquidity for more than $1,000.

Reported, the pump. Fun’s bond curve model benefited early buyers, while later participants faced huge losses when the creator exited. Pine Analytics’ separate discovery highlights “deployed same block sniper funded”, a strategy that enables creators to profit immediately upon launch.

Meme coin generators also face significant legal troubles, especially in class action lawsuits for unregistered securities. Last November, it also had to suspend its live streaming features indefinitely, including violence and threats.