Token sales initiative forthcoming on Pump.fun, a platform renowned for memecoin launches.
In a surprising turn of events, the $600M token sale page for Pump.fun was abruptly removed by Gate.io on August 2, 2025[1]. The exchange's support account on X provided a confusing explanation for the deletion, but no clear official reason has been provided yet.
Pump.fun was a significant player in the 2025 Initial Coin Offering (ICO) resurgence, raising hundreds of millions in token sales prior to the removal. This trend marked a revival of ICOs, with Pump.fun and similar projects capitalising on revamped token sale models and new platforms [2]. The sudden removal of the token sale page on Gate.io stands out against this broader context but remains unexplained by the exchange.
The financial performance of Pump.fun has been in decline as well. According to DeFiLlama, the daily revenue of Pump.fun dropped to $533,000 as of July 6, down from $7 million in January [3]. Total fees collected by Pump.fun have also cratered by 86% and are at their lowest level since March [3].
Rumors of a PUMP token sale have been circulating for months, but no official announcement has been made. Some question whether the 15% supply set aside for the sale will eat into the highly anticipated airdrop [4]. The newly leaked sale details have left many community members questioning the sale's ambitious valuation [5].
The removal of the token sale page and the decline in financial performance have raised speculations about potential regulatory, technical, or compliance concerns that might have prompted Gate.io to take down the listing. However, the exact cause remains unclear from available sources.
Meanwhile, LetsBonk.fun, another player in the crypto space, has been experiencing growth. LetsBonk's aggressive model allocates 50% of platform fees toward buybacks of $BONK [6]. The platform has overtaken Pump.fun in daily token launches, registering over 21,000 new tokens in 24 hours [7]. Daily revenue of LetsBonk.fun has crossed the $1 million mark [8].
This development in the crypto market underscores the dynamic nature of the industry, where projects rise and fall, and new players continually emerge. As the situation with Pump.fun unfolds, the focus shifts to LetsBonk.fun, which seems to be thriving in the current market conditions.
[1] Gate.io's support account on X [2] Source Not Specified [3] DeFiLlama [4] Source Not Specified [5] Source Not Specified [6] Not Specified [7] Source Not Specified [8] Source Not Specified
Despite the sudden removal of the Pump.fun token sale page by Gate.io, there has been a decline in the project's financial performance, with daily revenue dropping to $533,000 and total fees cratering by 86% [3]. In contrast, Solana-based LetsBonk.fun is experiencing growth, with daily revenue crossing the $1 million mark [8]. This shift in the crypto market highlights the importance of technology and investing wisely.
