Cryptocurrency exchange Gate.io has quietly removed a previously visible token sale page for Pump.fun, the Solana-based memecoin platform known for its frictionless token launches.

On July 7, crypto community members on X circulated screenshots of a Gate.io page advertising a sale for Pump.fun’s native token, PUMP, scheduled to begin on July 12. The page detailed a 72-hour initial exchange offering, pricing 150 billion tokens at $0.004 each, implying a raise of $600 million and a fully diluted valuation of $4 billion.

The token sale, if accurate, would mark Pump.fun’s first official public fundraising round. However, the exchange has since deleted the announcement without explanation, with the page now displaying a 404 error. Neither Pump.fun nor Gate.io has addressed the page removal, and no formal updates have been posted by Pump.fun’s co-founder Alon Cohen.

Speculation around a $1 billion raise at a $4 billion valuation first emerged in early June, though the platform has repeatedly avoided confirming or denying the rumors. The now-deleted Gate.io page appeared to align with those earlier reports, indicating a serious move toward monetizing the platform’s success, a plan now in limbo.