Bybit Announces Pump.fun Token Sale with European Users Excluded Due to MiCA Regulations
Bybit has confirmed the details of the Pump.fun PUMP token sale. Users registered through its European Union-regulated platform, Bybit.eu, cannot participate due to compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA). This highlights how regulations increasingly shape crypto markets.
PUMP Token Sale Details
The public sale of PUMP, the native token of no-code memecoin launchpad Pump.fun, starts Saturday at 14:00 UTC and runs through Tuesday. The sale offers 150 billion PUMP tokens (15% of total supply) at $0.004 USDT each. Bybit, the world’s second-largest crypto exchange by volume, is the sole major platform hosting this sale.
Subscription Options
Bybit accepts subscriptions in USDT, USDC, SOL, and bbSOL, offering flexibility with stablecoins and Solana-native assets. Other exchanges may also support the sale.
Pump.fun’s Rapid Growth
Launched in January 2024, Pump.fun gained popularity by letting users create and trade memecoins without coding. Its gamified interface drove Solana-based experimentation. Critics argue it turns users into ‘memecoin gamblers,’ with most reportedly losing money.
Market Reaction and Competition
Opinions on Pump.fun vary. Some praise its accessibility, while others criticize its market impact. New platforms like LetsBonk now challenge its dominance, recently surpassing its daily revenue.
Looking Ahead
The PUMP token sale will test Pump.fun‘s resilience amid European regulatory hurdles and rising competition. The outcome could influence memecoin market trends.
