Crypto exchange Gate has removed a countdown page from its website that appeared to suggest Solana-based memecoin launchpad Pump.fun will launch its official PUMP token on July 12.

The now-deleted page included details of the upcoming token sale, set to run for 72 hours or until the allocation is exhausted. As per the website, a planned 15% of the total 1 trillion supply was earmarked for the sale.

This story is an excerpt from the Unchained Daily newsletter.

The page also detailed a price of $0.004 USDT per token, which translates to a fully diluted valuation of $4 billion for PUMP.

Last month, The Block reported that Pump.fun was looking to raise $1 billion through an initial coin offering and was deliberating sharing protocol revenue with its token holders. Pump.fun’s team also said in an X Spaces session in October that it was “planning to launch a token in the future.”