Bybit Blocks European Users from Pump.fun Token Sale
The post Bybit Blocks European Users from Pump.fun Token Sale appeared on BitcoinEthereumNews.com. Bybit’s PUMP token sale runs July 12–15 but excludes all users registered under its MiCA-compliant EU platform, Bybit.eu. 150 billion PUMP tokens will be sold at $0.004 each; only USDT, USDC, SOL, and bbSOL are accepted. Pump.fun’s trading volume dropped 80% since January; Gate.io removed its sale page without confirmation of relisting. Bybit will host the public sale of Pump.fun’s PUMP token from July 12 at 14:00 UTC through July 15. The exchange confirmed it will run the sale on its main global platform, but European users will be excluded. This restriction is a direct result of the Markets in Crypto-Assets Regulation (MiCA) rules, which limits how new crypto tokens can be sold in EU countries. Bybit stated that because of these rules, the sale will not be available through Bybit.eu, which is its MiCA-compliant platform. Sale Terms and Accepted Currencies The sale will offer 150 billion PUMP tokens, representing 15% of the total 1 trillion supply. The fixed sale price is $0.004 USDT per token. Subscriptions will be accepted in USDT, USDC, SOL, and bbSOL. These include both stablecoins and Solana-native assets, aligning with Pump.fun’s infrastructure on the Solana blockchain. Bybit is currently the only major exchange that has confirmed participation in the token sale. Other platforms have not publicly disclosed involvement. Launch Comes as Platform Activity Slows Pump.fun, launched in January 2024, allows users to create and trade meme coins without coding. It gained traction during Q1 2024 due to its simple interface and connection to Solana-based assets. According to DefiLlama, the platform has generated over $715 million in total revenue. Within the past 30 days, it earned $35 million. However, activity has slowed. Data from Dune Analytics shows a 75% drop in trading volume since January. DefiLlama reported an even larger decrease, with daily volume falling by…
The post Bybit Blocks European Users from Pump.fun Token Sale appeared on BitcoinEthereumNews.com.
Bybit’s PUMP token sale runs July 12–15 but excludes all users registered under its MiCA-compliant EU platform, Bybit.eu. 150 billion PUMP tokens will be sold at $0.004 each; only USDT, USDC, SOL, and bbSOL are accepted. Pump.fun’s trading volume dropped 80% since January; Gate.io removed its sale page without confirmation of relisting. Bybit will host the public sale of Pump.fun’s PUMP token from July 12 at 14:00 UTC through July 15. The exchange confirmed it will run the sale on its main global platform, but European users will be excluded. This restriction is a direct result of the Markets in Crypto-Assets Regulation (MiCA) rules, which limits how new crypto tokens can be sold in EU countries. Bybit stated that because of these rules, the sale will not be available through Bybit.eu, which is its MiCA-compliant platform. Sale Terms and Accepted Currencies The sale will offer 150 billion PUMP tokens, representing 15% of the total 1 trillion supply. The fixed sale price is $0.004 USDT per token. Subscriptions will be accepted in USDT, USDC, SOL, and bbSOL. These include both stablecoins and Solana-native assets, aligning with Pump.fun’s infrastructure on the Solana blockchain. Bybit is currently the only major exchange that has confirmed participation in the token sale. Other platforms have not publicly disclosed involvement. Launch Comes as Platform Activity Slows Pump.fun, launched in January 2024, allows users to create and trade meme coins without coding. It gained traction during Q1 2024 due to its simple interface and connection to Solana-based assets. According to DefiLlama, the platform has generated over $715 million in total revenue. Within the past 30 days, it earned $35 million. However, activity has slowed. Data from Dune Analytics shows a 75% drop in trading volume since January. DefiLlama reported an even larger decrease, with daily volume falling by…
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