Bybit Launches Pump.fun Token Sale Excluding EU Users

Bybit, the world’s second-largest crypto exchange, has officially announced the details of the highly anticipated Pump.fun token sale. The sale will commence on July 12 at 14:00 UTC and will continue until July 15. Notably, users registered through Bybit’s European Union-regulated platform, Bybit.eu, will not be allowed to participate in the token sale. This decision is in compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA).

The public sale will offer 150 billion PUMP tokens, which constitutes 15% of the total supply of one trillion tokens. The tokens will be sold at a fixed price of $0.004 USDT per token. Bybit is the sole platform facilitating this sale, providing users with the opportunity to subscribe using USDt (USDT), USDC (USDC), Solana (SOL), and bbSOL, thereby supporting both stablecoins and Solana-native assets.

Pump.fun, launched in January 2024, has gained significant attention for its innovative platform that allows users to create and trade memecoins without any coding skills. The platform’s user-friendly, gamified interface and viral mechanics have sparked a surge of onchain experimentation on Solana, converting casual users into active token creators and traders. This unique offering has positioned Pump.fun as a leader in the memecoin launchpad space, attracting a wide range of users eager to participate in the burgeoning memecoin market.