Bybit to Host PUMP Token Sale, But Europe Users Barred
The post Bybit to Host PUMP Token Sale, But Europe Users Barred appeared on BitcoinEthereumNews.com.
Update (July 9, 2:10 pm UTC): This article has been updated to include token sale confirmation from Pump.fun. Bybit has confirmed details of the much-awaited Pump.fun token sale, revealing that users registered through its European Union-regulated platform, Bybit.eu, will not be able to participate, citing compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA). The public sale of PUMP, the native token of the no-code memecoin launchpad Pump.fun, will open on Saturday at 14:00 UTC and run through Tuesday, according to a Wednesday press release shared with Cointelegraph. A total of 150 billion PUMP tokens, 15% of the 1 trillion total supply, will be offered at a fixed price of $0.004 USDT per token. Bybit, currently the world’s second-largest crypto exchange by trading volume, is the only major platform participating in the sale, the announcement said. A number of other exchanges will also support the token sale. Bybit will support subscriptions in USDt (USDT), USDC (USDC), Solana (SOL) and bbSOL, providing access to both stablecoins and Solana-native assets. Bybit has become the second major crypto exchange to reveal details about the upcoming PUMP token sale, following a slip by Gate.io. On Tuesday, Gate.io briefly published a page outlining a $600 million PUMP token sale, which was quickly taken down. In a Wednesday post on X shortly after the sale was revealed by Bybit, Pump.fun officially announced the token sale. “Our plan is to Kill Facebook, TikTok, and Twitch. On Solana,” the platform wrote. Pump.fun announces the launch of its token sale. Source: Pump.fun Related: Gate.io deletes page showing a $600M Pump.fun token sale Pump.fun rises to prominence Pump.fun, launched in January 2024, quickly rose to prominence for enabling users to create and trade memecoins with zero coding skills. The platform’s gamified interface and viral mechanics have driven a wave…
Filed under: News - @ July 10, 2025 1:28 am