Pump.fun Token Sale Set for July 12, Not Open to European Traders
Pump.fun is poised to launch its token sale on July 12, after details about the event were leaked by major exchanges, including ByBit and Gate.io. The sale, priced at $0.004 per token, will be restricted to users outside Europe due to regulatory concerns, particularly affecting users in the United Kingdom following a warning from local authorities. The token sale is anticipated to take place over three days, concluding on July 15, with token distribution scheduled to occur within 48 hours post-sale. This situation has created significant speculation within the Pump.fun community regarding the implications of these restrictions. ByBit mistakenly posted the announcement, later deleting it, while users await official confirmation from the platform. The total supply for the PUMP tokens will be 150 billion, with a maximum buy limit of $500,000. Both ByBit and Gate.io have quickly retracted their announcements, raising questions about future token sales and associated regulations.
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