A now-deleted website on Gate.io declared on July 7, 2025, that 150 billion tokens of Pump.fun’s PUMP token will be offered for sale on July 12, 2025, at a price of $0.004 apiece. According to Coindoo.com, the goal is to raise $600 million with a $4 billion fully diluted valuation (FDV). The sale, structured as first-come, first-served with a 72-hour window and a minimum buy-in but no purchase cap, was removed without explanation, fueling speculation. Neither Pump.fun nor Gate.io has confirmed the sale, and Pump.fun’s co-founder Alon Cohen previously denied token launch plans in April 2025, citing a focus on product development. Despite this, X posts from @AzelLoL and @DeFi_Hanzo amplify the hype, though @BohdanHoy1 and @belogi27 label it a potential scam, given Pump.fun’s $800 million revenue in 2024.
Pump.fun, launched January 19, 2024, by Noah Tweedale, Alon Cohen, and Dylan Kerler, is a Solana-based launchpad responsible for over 70% of the network’s token launches, creating 11 million meme coins like FARTCOIN and PNUT, per Decrypt. Its low-cost (0.05-0.1 SOL), user-friendly model allows instant token creation, earning a 1% swap fee and 1.5 SOL per “graduated” token (market cap ≥ $90,000). Despite $742 million in revenue by June 2025, its market share dropped to 57.5% by May, with competitors like LetsBonk surpassing it in daily token creation. A Creator Revenue Sharing program (May 2025) allocates 50% of PumpSwap revenue to creators, boosting engagement but raising ethical concerns over “soft rug pulls” and scams.
Pump.fun faces scrutiny, with a $500 million class-action lawsuit filed in New York (January 30, 2025) alleging unregistered securities sales, per NFTevening. In December 2024, the UK’s FCA issued a warning, and on February 5, 2025, Burwick Law sent a cease-and-desist letter accusing Pump.fun of facilitating tokens that abuse intellectual property to threaten lawsuits. Earlier rumors of a $1 billion raise at a $4 billion FDV in June 2025, reported by Blockworks, included a 10% airdrop for early users, but Cohen’s February 2025 denial of token plans (via X) contradicted leaked documents citing a 420 million token supply with a Dutch auction. Wu Blockchain’s pushback and @YanzhangKui’s support for the leaks highlight community skepticism.
The PUMP token rumors align with Solana’s bullish momentum (SOL at $150-$160, up 12% weekly), but the Gate.io leak’s deletion raises doubts about its legitimacy—potentially a hack, premature reveal, or misinformation, per BeInCrypto. A successful launch could reward Pump.fun’s 5.5 million token creators with an airdrop, but the platform’s “meme coin casino” model (98% of tokens fail to list on DEXs like Raydium) and regulatory risks temper optimism. Investors should verify details via official Pump.fun channels (@pumpdotfun on X) and avoid unconfirmed presales, given the $4 billion FDV’s high valuation and scam warnings on X. The July 12 date remains pivotal, but clarity is needed to separate hype from reality.
