Confusion Erupts After Gate.io Pulls Pump.fun Presale Announcement

In Brief:

Gate.io deleted its presale announcement for Pump.fun's $PUMP token, leaving users confused.

The $600M presale, set for July 12, was never officially confirmed by either Gate.io or Pump.fun.

The crypto community was caught off guard when Gate.io abruptly deleted an announcement for the highly anticipated $PUMP token presale by meme coin launch platform Pump.fun. The now-removed post suggested that the presale would begin on July 12, targeting $600 million in funding from the sale of 150 billion tokens at $0.004 each, out of a 1 trillion total supply.

No clarification has been issued from either Gate.io or Pump.fun, leading to confusion and speculation across crypto forums. The listing, which initially hinted at a potential Gate.io x Pump.fun partnership, was seen as a bullish signal for both projects. But without further comment, it's unclear whether the announcement was a leak, error, or retraction due to internal issues.

This situation is especially sensitive given that:

• Gate.io recently delisted 33 tokens over quality concerns.
• Pump.fun has lost ground to rivals like Letsbonk.Fun amid bot activity and user losses.

Skeptics also pointed out a strange detail: the presale was allegedly to happen simultaneously on Pump.fun and Gate.io, a setup that raises questions about coordination and fairness.

With Pump.fun aiming for a $4 billion valuation, the missing presale announcement only intensifies scrutiny. The lack of transparency mirrors a similar incident last month, when Magic Eden retracted its TRUMP Wallet announcement, triggering a crash in its token price.

For now, the $PUMP token remains surrounded by mystery—leaving traders to speculate whether the deal is still on or already off the table.

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