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.

bybit deletes pump.fun token salebybit deletes pump.fun token sale
Source: X; Bybit Leaks Pump.fun Token Sale Details

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.

coingape

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.

Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master’s degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet.

Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Source: https://coingape.com/bybit-releases-pump-fun-token-sale-details-excludes-european-investors/