Pump.fun token sale confirmed, Europe-based users barred: Bybit

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 permitted to participate in the token sale, 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 July 12 at 14:00 UTC and run through July 15, according to a Wednesday press release shared with Cointelegraph.

A total of 150 billion PUMP tokens, 15% of the one 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 platform participating in the sale.

The exchange will support subscriptions in USDt (USDT), USDC (USDC), Solana (SOL) and bbSOL, providing access to both stablecoins and Solana-native assets.

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 of onchain experimentation on Solana, transforming casual users into active token creators and traders.