Gate causes confusion by deleting the sell announcement of PUMP token from Pump.fun

Gate seems to have unexpectedly announced the presale of the PUMP token from the Pump.fun platform, but then quickly removed all related content without providing any explanation. So far, both parties have remained silent, leaving the community confused about the authenticity of the event.

According to initial information, if accurate, the presale will take place on July 12, aiming to raise 600 million USD. Specifically, Pump.fun plans to sell 150 billion PUMP tokens ( out of a total supply of 1 trillion tokens ) at a price of 0.004 USD per token.

Is Gate collaborating with Pump.fun?

Pump.fun – the famous memecoin launch platform – previously denied the issuance of a separate token, but last month confirmed the launch of PUMP, targeting a valuation of up to 4 billion USD – an ambitious figure.

Gate's announcement regarding the organization of the PUMP token presale – if it is true – was initially seen as a positive signal for both parties. Gate is a long-established exchange, and partnering with Pump.fun could help this token reach a larger user base. However, this information also faced quite a bit of skepticism.

Recently, Gate has faced criticism after having to delist 33 tokens due to "quality issues", some of which are suspected to be scams. On the side of Pump.fun, this platform is no longer holding the number one position in the memecoin launchpad sector, as it continuously encounters troubles with trading bots and feedback from losing investors.

Therefore, Gate's sudden removal of the presale announcement without providing any reason makes the situation even more confusing. Could this be an attack aimed at spreading false information? Or is the presale really going to take place but the initial information was not accurate? Or is everything real, just that Gate announced it too early?

If the initial announcement is correct, this could be the first glimpse into the PUMP token release plan of Pump.fun: a total supply of 1 trillion tokens, of which 150 billion are sold in the presale round at a price of 0.004 USD/token, corresponding to 600 million USD if sold out.

However, some people in the community doubt this cooperation ability, especially when there are rumors that the presale will take place simultaneously on both Pump.fun and Gate – which is quite strange as it is unclear why it would be organized at the same time on two platforms.

Until either party speaks officially, all hypotheses are merely speculation. Previously, last month, Magic Eden had to remove the announcement about the TRUMP wallet, causing the ME token to plummet to a record low. If a similar scenario repeats with Gate and PUMP, the memecoin market could experience another strong volatility.

Thạch Sanh