The cryptocurrency exchange gate quietly deleted a page showing the upcoming pump.
On Tuesday, x users Noted A “leak” webpage shows details of the public sale of pumps scheduled to begin July 12.
The page shows that 150 billion tokens were provided for $0.004 out of the total supply of 1 trillion tokens. The salary increase is about $600 million.
The page states that the IEO (Initial Exchange Product) marks the pump’s “first official public token sale” and the IEO valuation is set at $4 billion.
However, crypto exchanges later went from English and Chinese The website version, now displays 404 “Not Found” notifications.
GATE.IO support posts add confusion
one reply From Gate.io’s support to users about evacuation, it only added more confusion, noting that “Gate has removed the pump after negotiations between Gate and Project. Fun pre-sales in-store OTC. There is currently no confirmed reopening date or announcement.”
This message refers to October 2024 announcement Exchanges no longer support over-the-counter trading of pumps.
Cointelegraph contacted Alon Cohen, founder of Gate.io and Pump.Fun, but received no immediate response.
Token Sales Rumors
In early June, Rumors have appeared Fump.Fun plans to raise $1 billion by putting the company seriously on $4 billion in token sales.
But despite reports from people familiar with the matter, neither the platform nor co-founder Alon Cohen confirmed the rumors.
Related: pump.fun and its founder hit X account suspension blitz
Pump.
Solana-based Meme Marketplace Pump.Fun became popular during the Memecoin Frenzy in January.
The platform facilitates the creation of more than 11 million new tokens with a total revenue of approximately 4.4 million (Sorana) (sol), about $655 million, according to Perform dunes analysis.
However, the volume has Crush According to the Dunes, about 75% of the craze since January.
defill Report Over the past six months, the daily volume on the platform has been steeper by 80%.
On Monday, Cointelegraph reported Solana’s latest Memecoin Launchpad, Letsbonk, Double the pump. FUN’s daily income With $1 million, it shakes the rankings in the Memecoin field.
Related: Dogecoin is set to rebound? Ripple Eyes US Bank License: Hodler’s Digest
