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Crypto change Gate.io has abruptly eliminated the token sale web page for Pump.enjoyable’s PUMP token, simply days earlier than the general public sale was slated to go dwell on July 12.
The shock transfer wiped all particulars of the $600 million providing from the platform. In accordance with the now-deleted web page, 150 billion PUMP tokens priced at $0.004 every had been set to be offered, making up 15% of the meme coin’s whole 1 trillion provide.
The sudden takedown has left would-be buyers unsure whether or not the sale remains to be shifting ahead.
Gate.io stated the elimination adopted negotiations with Pump.enjoyable. Neither celebration has confirmed a brand new date or whether or not the token launch will proceed in any type.
The $PUMP Token Sale Leaked on Gate – Then Out of the blue Disappeared
No official phrase but from pump. funToken sale metrics as per Gate. io👇
💊 Valuation: $4B💊 Presale: $600M💊 Provide: 1Trillion tokens
Early leak or cancelled deal? 👀 pic.twitter.com/llZFCdpmGb
— Zia ul Haque (@ImZiaulHaque) July 8, 2025
As PUMP Token Stalls, Solana ETFs Acquire Momentum
Nevertheless it’s not all unhealthy information for Solana. Whereas buyers may need to attend a bit longer for PUMP’s public sale to re-launch, they may quickly be celebrating the launch of spot Solana ETFs (exchange-traded funds).
The SEC might fast-track purposes for the SOL funds, sources accustomed to the matter informed CoinDesk. In accordance with these sources, the SEC has requested that SOL ETF issuers submit amended S-1 filings by the top of this month.
Though the SEC’s official deadline for a ruling on spot SOL ETFs is just set for Oct. 10, the current request might be a sign that the regulator is attempting to hurry up the method.
That’s after the launch of the REX-Osprey Solana and Staking ETF (SSK), which managed to bypass a extra stringent regulatory course of given its structuring below the Funding Firm Act of 1940. This allowed it to achieve a first-mover benefit out there.
Prior to now, the SEC has tried to keep away from giving a single issuer a first-mover benefit, which is why it concurrently authorized the spot Bitcoin ETF purposes final 12 months earlier than doing the identical for spot ETH ETF purposes.
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