The launch of PUMPFUN, the long-awaited native token of Pump.fun may take longer. Gate.io, one of the exchanges carrying the pre-market trading, has removed the pair from its platform.
Gate.io, one of the leading centralized exchanges for new token listings, has removed the pre-market pairs for PUMPFUN. The ticker was selected to differ from the multiple PUMP meme tokens that have launched in the past, all making claims they could become the official asset of the platform.
PUMPFUN saw limited activity in its pre-market OTC pairs. All traders that participated in the presale event would have their funds returned, announced the exchange. Gate.io did not hint at the eventual TGE or listing, saying it would communicate only through official announcements.
The native token of Pump.fun was expected for months, possibly in July, creating demand for pre-market price discovery.
The exchange announced it held a round of talks with Pump.fun, agreeing to remove the market pair and not trade PUMPFUN for the foreseeable future. Currently, there is no hint at the potential price for PUMPFUN.
Gate.io briefly lists PUMPFUN pre-launch page
Initially, the plan of Pump.fun was to launch 150B tokens, with an initial price of $0.004. The platform also previously intended to raise up to $1B in its token generation and presale event, with a total valuation of $4B.
The parameters of the presale were widely circulated just days before the actual event, announced for July 12. Currently, the information is treated as a leak, with no assurance the token sale would happen based on those parameters.
🚨@pumpdotfun Public Token Sale: All You Need to Know
– Token: $PUMP
– Total Supply: 1 trillion
– Date: July 12 – July 15 (3 days)
– Tokens for Sale: 150 billion
– Sale Price: $0.004
– Fully Diluted Valuation: $4 billion pic.twitter.com/8jijGWgVBp— SolanaFloor (@SolanaFloor) July 7, 2025
Gate.io only briefly listed Pump.fun, removing the pre-market pair hours later. The removal of the PUMP token infrastructure led to suggestions Pump.fun may decide to push the launch farther into the future. Previously, Gate.io had set up a countdown and a tracker for the presale, which was up for only a few hours before being removed.
Pump.fun has not commented on the removal of the presale page, or given any explanation for the event.
Is Pump.fun still slowing down?
The recent removal of the presale page coincides with a generally slower performance for Pump.fun. The top Solana meme platform recently saw its primacy challenged by LetsBonk.fun. The alternative platform, linked to the BONK meme token, flipped Pump.fun based on daily fees.
Pump.fun has locked in over $700M, liquidating a significant part of its SOL fees. Currently, the platform saw its daily fees sharing, coming down under $1M per day. The Pump.fun fees and activity are now back to the levels from the March and April slump, before the new wave of meme token mania.
Only 5,580 addresses are creating tokens, with around 100K daily active users. Previously, up to 13K addresses created new tokens. Fees fell off abruptly in July, showing a clear slowing trend.
Before the TGE for Pump.fun, there were fears the native token could further erode the meme market, taking liquidity and traffic from memes.
The recent summer slowdown also affected the meme market, which relies on general hype and confidence. This time around, the BONK meme community is showing more strength compared to the Pump.fun ‘trenches’, while in search for the next big meme trend.
