An upcoming token sale linked to Pump.enjoyable, a meme coin platform constructed on the Solana
$149.35
blockchain, appeared on Gate.io earlier than being quietly eliminated.
The web page, which went dwell on July 8, outlined a plan to promote 150 billion Pump.enjoyable tokens at a value of $0.004 every.
Based mostly on this value, the sale would have raised round $600 million. The total provide was acknowledged as one trillion tokens, which signifies a complete valuation of $4 billion.
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The web page described the occasion as Pump.enjoyable’s first official public token sale, set to launch on July 12. Nonetheless, the web page had been taken down, and customers attempting to entry it had been met with a “404 web page not discovered” message on each the English and Chinese language variations of the positioning.
In a reply to a person asking in regards to the elimination, Gate.io’s help crew stated:
We wish to inform you that, based on the most recent announcement (2024-10-31) relating to PUMPFUN, following negotiations between Gate and the mission, Gate has eliminated Pump.enjoyable (PUMPFUN) Pre-Market OTC.
The alternate added that “there is no such thing as a confirmed date or announcement for its reopening”.
The response referred to a earlier discover from October 2024, when Gate.io introduced it will cease providing over-the-counter buying and selling for Pump.enjoyable.
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Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Warfare II period.With near a decade of expertise within the FinTech business, Aaron understands all the greatest points and struggles that crypto lovers face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to particular person for every little thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to remodel the house as we all know it, and make it extra approachable to finish freshmen.Aaron has been quoted by a number of established retailers, and is a printed writer himself. Even throughout his free time, he enjoys researching the market traits, and in search of the following supernova.
