ByBit Leaks Pump.fun Token Sale Details Ahead of July 12 Launch

ByBit, a major cryptocurrency exchange, inadvertently revealed details about the upcoming token sale for Pump.fun, a popular Solana token launchpad. The announcement, which was quickly deleted, stated that the sale would commence on July 12 at a price of $0.004 per token. The sale is scheduled to run until July 15, with token distribution occurring within 48 hours of the sale's conclusion. Notably, the sale will not be available to users based in Europe, although it remains unclear whether this restriction applies to all Pump.fun token sales or is specific to ByBit.

The deleted post also mentioned that the total supply of PUMP tokens is 150 billion, with a maximum purchase amount of $500,000. This information was confirmed by a user with the "ambassador" title in the official ByBit Ukraine Telegram group, who stated that the details were accurate at the time of posting but could change before the official announcement. The sale is set to begin at 5 p.m. local time in Ukraine, which is EET (Eastern European Time).

This is the second instance of a major exchange leaking information about the Pump.fun token sale. Earlier, Gate.io had posted details about a $600 million sale of the token but promptly removed the page. The information on Gate.io's page was similar to that on ByBit’s announcement, except that it did not mention any restrictions for European users. Neither Pump.fun nor ByBit officials have responded to requests for comment regarding these leaks.

It is important to note that the Pump.fun token launchpad is not available to users in the United Kingdom due to a warning from the Financial Conduct Authority. This regulatory restriction adds another layer of complexity to the token sale, as it affects users in a significant market. The community's reaction to the European restriction has been one of surprise, with many users questioning the rationale behind this decision. The lack of clarity on whether this restriction applies to all Pump.fun token sales or is specific to ByBit has also raised concerns among potential investors.

Overall, the accidental leak of the Pump.fun token sale details by ByBit has brought the upcoming event into the spotlight. While the sale is set to begin on July 12, the restrictions on European users and the lack of official confirmation from Pump.fun and ByBit have left many questions unanswered. As the cryptocurrency community awaits the official announcement, the focus will be on how these issues are addressed and whether any further changes are made to the sale details.