Bybit Releases Pump.fun Token Sale Details; Excludes European Investors

ByBit Ukraine’s premature announcement has shed light on Pump.fun’s token sale plans, a move that follows a similar disclosure from Gate.io. As per the now deleted announcement, the Pump.fun token sale is set to occur on July 12. However, the announcement came with a notable restriction that European investors will not be eligible to participate.

Bybit Posts, Deletes Pump.fun Token Sale Details

In a leaked announcement that was immediately deleted, Bybit Ukraine revealed details of a potential Pump.fun token sale, set on July 12. The message, posted on Wednesday, posited that European users would be barred from participating in the sale. As the platform removed the announcement, a community member shared an X post, drawing attention to the token sale.

Reportedly, the announcement was supposed to be delivered at 14:00 UTC. But the platform accidentally posted it before the scheduled time. A Bybit representative confirmed that the details in the now-deleted post and circulating screenshots were accurate when published. However, he added that changes may occur before an official announcement is made.

This development comes just a day after crypto exchange Gate.io leaked a similar announcement. As reported by CoinGape, Gate.io announced that the Pump.fun token sale would offer 150 billion tokens, priced at $0.004 each, accounting for 15% of the total 1 trillion token supply. However, adding uncertainty to the event, the platform deleted the post soon

Pump.fun Token Sale: Terms and Conditions

Interestingly, the recent token sale announcements from Bybit and Gate.io align with Pump.fun’s ambitious goal to raise $1 billion, fueled by its $700 million revenue from the Solana memecoin craze.

As per the now-delated Bybit post, the platform offers 150 billion PUMP tokens at a price of $0.004 per token. The sale is scheduled to run for 72 hours, starting from July 12, 2025, at 5:00 PM and ending on July 15, 2025, at 5:00 PM. Tokens will be distributed within 48 hours after the sale concludes. Settlement options include USDT, USDC, SOL, and bbSOL.

Meanwhile, the token sale holds specific order limits. Reportedly, the minimum purchase amount per individual transaction will be 0.4 USDT/USDC or 0.003 SOL/bbSOL. The maximum purchase amount per order is 200,000 USDT/USDC or 1,500 SOL/bbSOL. Additionally, there’s a maximum total purchase amount per user, capped at PUMP tokens equivalent to 500,000 USDT across all orders.

Nynu V Jamal

Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape.

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