Bybit’s PUMP Token Sale Garners High Demand Amidst API Delay

On July 12, 2025, Bybit, the world’s second-largest crypto exchange, hosted the PUMP token sale for Pump.fun, seeing unprecedented demand amidst an unexpected API delay.

The Bybit sale of Pump.fun’s PUMP tokens indicates strong interest in memecoins and Solana ecosystem growth. Regulatory compliance has excluded U.S., EU, and UK investors, affecting global market dynamics. Bybit explicitly cited compliance with EU’s MiCA regulation and similar regimes as the rationale for jurisdictional exclusions.

Bybit, overseeing the token launch, offered 150 billion PUMP tokens at $0.004 USDT per token. The sale amounted up to an expected $600 million event. Subscriptions accepted in USDT, USDC, SOL, and bbSOL reflect cross-chain integration. The absence of institutional allocations could suggest a retail-driven market interest.

Excluding certain investors indicates alignment with the EU’s MiCA regulation and other regional frameworks. The high trading volume suggests significant liquidity and TVL shifts, particularly in SOL and related assets. No API delay details have surfaced in primary communications.

The multichain support and anticipated retail involvement emphasize the Solana ecosystem’s memecoin infrastructure potential. Such high-profile listings historically influence short-term liquidity dynamics. Despite regulatory limits, the sale aligns with expected market narratives and developer focus on Solana and memecoins.

The regulatory exclusion, high trading volume, and Bybit’s pivotal role underscore significant short-term market shifts. PUMP’s integration anticipates alterations in cross-chain liquidity, particularly impacting stablecoins and Solana-native tokens. Historical precedents indicate likely dramatic TVL shifts in these assets.

“Our plan is to Kill Facebook, TikTok, and Twitch. On Solana.” — Pump.fun Official Statement