Cryptocurrency exchange Bybit will conduct a token sale for Pump.fun’s PUMP token from July 12 to July 15, offering 150 billion tokens at a fixed price of $0.004 USDT per token. European Union users will be excluded from participation to comply with the Markets in Crypto-Assets Regulation (MiCA), which imposes strict requirements on crypto asset providers.
Participants can purchase PUMP tokens using USDT, USDC, Solana (SOL), or bbSOL. Pump.fun’s platform enables no-code creation and trading of custom tokens, significantly driving transaction activity and user engagement on the Solana network.
The token sale aims to enhance liquidity and ecosystem visibility for Pump.fun while navigating regulatory constraints. This strategic exclusion of EU users demonstrates proactive compliance measures amid evolving global cryptocurrency regulations.