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Bybit Restricts Access to Pump.fun Token Sale for EU Users

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by Giorgi Kostiuk

4 hours ago

The Pump.fun token sale on Bybit has attracted attention due to restrictions for European Union users related to MiCA regulations.

Restriction for EU Users

Bybit, the second-largest cryptocurrency exchange by trading volume, has restricted access to the Pump.fun token sale for users registered through its MiCA-compliant site in the EU.

Token Sale Details

The token price for Pump.fun is set at $0.004 USDT. Payment options include USDT, USDC, SOL, and bbSOL.

Impact of Regulations on the Crypto Market

EU regulations like MiCA are already affecting the accessibility of crypto sales in the region. Historically, memecoin sales demonstrate high volatility, reflected in significant trading volume swings and regulatory compliance challenges.

Bybit's restrictions for EU users highlight the impact of regulations on the cryptocurrency market and raise questions about the future of memecoins and their significance for traders and investors.

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