Bybit has officially announced the details of the upcoming PUMP token sale by Pump.fun, confirming that users in Europe will be restricted due to regulatory compliance. The sale will take place from July 12 to July 15, offering a fixed price sale of Pump.fun’s native token, PUMP, exclusively on Bybit.
Bybit, currently the world’s second-largest cryptocurrency exchange by trading volume, will be the exclusive platform for the PUMP token sale. A total of 150 billion PUMP tokens representing 15% of the total one trillion supply will be made available to the public at a fixed price of $0.004 USDT per token.
To participate, users can subscribe using USDt (USDT), USDC, Solana (SOL), and bbSOL, enabling both stablecoin and Solana-native access for a broad range of traders.
Regulatory restrictions for EU-based participants
Although the token sale is open to the global market, users registered via Bybit’s EU-regulated platform, Bybit.eu, are not eligible to participate. Bybit has cited compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA) as the reason for excluding these users.
This measure reflects increasing scrutiny and regulatory oversight within the European Union, particularly concerning new token offerings and investor protections in digital assets.
Pump.fun: From viral launchpad to major sale
Launched in January 2024, Pump.fun has rapidly attracted attention for its no-code memecoin launchpad, which empowers users to create and trade custom tokens without technical expertise.
The upcoming token sale marks Pump.fun’s transition from viral product to full-fledged token ecosystem, supported by a global exchange partner.
The PUMP token sale on Bybit represents a major moment for both the platform and its growing user base. While Europe-based users remain side lined due to regulatory limits, the broader crypto community will have access to one of the year’s most anticipated memecoin offerings.
With a fixed token price, support for multiple assets, and a platform that has already proven its viral appeal, the Pump.fun sale is expected to draw strong interest all while highlighting the growing tension between innovation and regulatory compliance in the global crypto industry.