Bybit to Host $600M Pump.fun Token Launch, Excludes EU, US, UK
$600M worth of PUMP tokens up for sale
Launch scheduled on Bybit, Kraken, and more
15% of the total supply is available to buyers
Pump.fun will go live with its 600 million dollar token sale on July 12, 2025, 14:00 UTC. The sale will be 72 hours or until the tokens sell out. The sale will be headed by Bybit, the second-largest cryptocurrency exchange globally with regard to trading volume. Other large exchanges to be added are Kraken, Bitget, MEXC, KuCoin, and Gate.io.
The tokens offered are 150 billion PUMP tokens, which are 15 percent of the total 1 trillion token supply. They will sell each token at a price of $0.004 each with an aim of achieving a fully diluted valuation of 4 billion dollars. At this valuation, Pump.fun is considered to be one of the most valuable cryptocurrency ventures that have just launched.
Source – X
Pump.fun released the information about the token sale on its official X account, stressing the desire to compete with leading social media platforms. The project is going to create a decentralized social network on the Solana blockchain, becoming an alternative to Facebook, TikTok, and Twitch.
The token sale will be paid in USDT, USDC, SOL, and bbSOL, which shows the integration of the project into the Solana ecosystem. Users will have to pass KYC using Pump.fun or its affiliate exchanges.
Regulatory Restrictions Exclude EU, US, and UK Investors
Investors in the European Union, the United States, and the United Kingdom will be excluded from the token sale because of regulatory compliance. EU customers who have registered on Bybit.eu platform will not be allowed to participate since it is a MiCA-compliant platform. Users from the United States and the United Kingdom are not permitted to participate in the sale.
This exclusion is in line with the growing regulatory pressure in these areas. The ruling will seek to guarantee adherence to the local laws and prevent legal issues.
The tokenomics of Pump.fun provides that 33 percent of the total supply of PUMP is to be sold. This will comprise a 15 percent public sale and an 18 percent private sale with the same price of 0.004 dollars per token. The rest of the tokens will be used as community incentives, for the development team, investors, and ecosystem growth.
Source – DefiLlama
Pump.fun has been in the spotlight since its release in January 2024 due to the no-code memecoin launchpad and viral on-chain mechanics. The income produced by the platform has exceeded 715 million dollars. But since January, there has been an 80 percent drop in trading volume as competition increases.
The project aims to use the funds obtained from this sale to accelerate development and increase the user base. Pump.fun will gain maximum exposure and liquidity to its token by listing on several leading exchanges.
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Filed under: Bitcoin - @ July 10, 2025 7:16 pm