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Crypto exchange Gate.io has abruptly removed the token sale page for Pump.fun’s PUMP token, just days before the public sale was slated to go live on July 12.
The surprise move wiped all details of the $600 million offering from the platform. According to the now-deleted page, 150 billion PUMP tokens priced at $0.004 each were set to be sold, making up 15% of the meme coin’s total 1 trillion supply.
The sudden takedown has left would-be investors uncertain whether the sale is still moving forward.
Gate.io said the removal followed negotiations with Pump.fun. Neither party has confirmed a new date or whether the token launch will proceed in any form.
The $PUMP Token Sale Leaked on Gate – Then Suddenly Disappeared
No official word yet from pump. funToken sale metrics as per Gate. io👇
💊 Valuation: $4B💊 Presale: $600M💊 Supply: 1Trillion tokens
Early leak or cancelled deal? 👀 pic.twitter.com/llZFCdpmGb
— Zia ul Haque (@ImZiaulHaque) July 8, 2025
As PUMP Token Stalls, Solana ETFs Gain Momentum
But it’s not all bad news for Solana. While investors might have to wait a bit longer for PUMP’s public sale to re-launch, they could soon be celebrating the launch of spot Solana ETFs (exchange-traded funds).
The SEC may fast-track applications for the SOL funds, sources familiar with the matter told CoinDesk. According to these sources, the SEC has requested that SOL ETF issuers submit amended S-1 filings by the end of this month.
Although the SEC’s official deadline for a ruling on spot SOL ETFs is only set for Oct. 10, the recent request could be an indication that the regulator is trying to speed up the process.
That’s after the launch of the REX-Osprey Solana and Staking ETF (SSK), which managed to bypass a more stringent regulatory process given its structuring under the Investment Company Act of 1940. This allowed it to gain a first-mover advantage in the market.
In the past, the SEC has tried to avoid giving a single issuer a first-mover advantage, which is why it simultaneously approved the spot Bitcoin ETF applications last year before doing the same for spot ETH ETF applications.
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