Bybit Blocks European Users From Pump.fun Token Sale Under MiCA Rules
2025-07-09 15:15:40
Main Idea
Bybit will host Pump.fun's PUMP token sale but excludes European users due to MiCA regulations, while Gate.io abruptly delisted the sale page without notice.
Key Points
1. Bybit will sell 150 billion PUMP tokens at $0.004 each from July 12-15, accepting USDT, USDC, SOL, and bbSOL, but European users are excluded due to MiCA rules.
2. Pump.fun, a meme coin platform, has seen a 75-80% drop in trading volume since January 2024, with some users reporting significant losses.
3. Gate.io removed its Pump.fun token sale page on July 8, returning a 404 error, with no timeline for relisting despite ongoing discussions.
4. Pump.fun has generated over $715 million in total revenue, with $35 million in the past 30 days, but activity has significantly declined.
Description
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 globa...
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