- PUMP token sale hosted exclusively on Bybit.
- EU users excluded due to MiCA compliance.
- Trading volume drops 75–80% this year.
Bybit announced it will host the Pump.fun PUMP token sale from July 12–15, 2025, excluding European investors due to MiCA regulations.
Bybit’s decision highlights the increasing regulatory impact of MiCA on European crypto participation.
Bybit will facilitate the sale of 150 billion PUMP tokens, priced at $0.004 each, mainly involving Bybit’s global platform users. The sale excludes European participants, citing MiCA compliance, with accepted currencies including USDT, USDC, SOL, and bbSOL.
“Because of MiCA rules, the sale will not be available through Bybit.eu, which is its MiCA-compliant platform.” — Bybit Management, Bybit
The exclusion of European investors aligns with Bybit’s adherence to MiCA–compliance, impacting SOL, bbSOL, USDT, and USDC assets. Markets may anticipate short-term fluctuations typical of exchange-launched token sales.
Regulatory compliance pressures reflect Bybit’s strategic focus on minimizing legal risks. Pump.fun‘s trading volume has seen a significant decline throughout 2023, suggesting waning user engagement amid regulatory challenges.
Anticipated outcomes include potential post-sale volatility in PUMP and related assets. Historical precedents indicate that SOL might experience similar fluctuations given the asset’s past trends with IEOs. The regulatory environment’s evolving nature requires close monitoring.
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