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Solana-Based Pump.fun Token Sale Announced for July 12 at $0.004, Excludes European Traders

Solana-Based Pump.fun Token Sale Announced for July 12 at $0.004, Excludes European Traders

Author:
SOL News
Published:
2025-07-10 08:48:15
20
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[TRADE_PLUGIN]SOLUSDT,SOLUSDT[/TRADE_PLUGIN]

The Solana-based launchpad Pump.fun is set to conduct its token sale on July 12, 2025, with tokens priced at $0.004 each. However, European traders will be excluded from participating, as revealed by an inadvertently leaked announcement from ByBit, which was later deleted. This follows a similar leak from Gate.io earlier in the week, suggesting a coordinated preparation for the sale. The premature disclosures by two major exchanges have sparked interest and speculation within the cryptocurrency community.

Pump.fun Token Sale Set for July 12, Excludes European Traders on ByBit

ByBit inadvertently revealed details of Pump.fun's upcoming token sale, scheduled for July 12 at $0.004 per token, before swiftly deleting the announcement. European users will be excluded from participating, mirroring restrictions seen in similar leaks from Gate.io earlier this week.

The Solana-based launchpad's token sale plans have now been prematurely disclosed by two major exchanges, suggesting coordinated preparation. An ambassador in ByBit's Ukrainian Telegram channel confirmed the accuracy of the leaked details while cautioning that final terms may change before official announcement.

Market observers note the recurring pattern of exchange leaks preceding major token launches, raising questions about information control in the rapidly evolving crypto listing space. The $PUMP token's dual-exchange appearance signals growing institutional interest in solana ecosystem projects.

Solana at Critical Juncture: Breakout or Retreat?

Solana's SOL token faces a decisive moment as it tests a formidable resistance zone. The cryptocurrency's price action hinges on whether it can muster enough volume to break through $154 or faces rejection, potentially sliding back to $131. A successful breakout could propel SOL toward $176, marking a significant bullish phase.

Technical indicators show SOL has reclaimed its point of control, signaling buyer interest. However, the stacked resistance—combining the 0.618 Fibonacci retracement and anchored VWAP—poses a formidable challenge. Volume remains the linchpin; without sustained buying pressure, the rally may falter.

The recent rebound from $130 to $187 underscores SOL's volatility. Now confined between $154 and $131, the next MOVE will likely define its short-term trajectory. Market participants await clarity, with the outcome poised to influence broader altcoin sentiment.

Analyst Predicts Solana (SOL) Rally to $300 Upon Spot ETF Approval

Solana (SOL), the sixth-largest cryptocurrency by market capitalization, is primed for a significant price surge if a spot ETF receives regulatory approval. crypto analyst Alek Carter highlights SOL's current consolidation phase, suggesting a breakout above $184 could trigger upward momentum. The recent launch of Solana's first staking ETF attracted tens of millions in inflows, but market participants anticipate far greater capital deployment through a spot ETF product.

"$SOL is testing our patience," Carter tweeted, emphasizing the coin's tight trading range. Institutional interest continues building, with ETF approvals viewed as the catalyst for SOL's next leg up. The digital asset's ecosystem remains active, with decentralized applications processing $56 million in volume recently.

Is There a Future for DAOs?

The cracks in DAO governance are beginning to show. Solana-based exchange Jupiter and NFT conglomerate Yuga Labs recently abandoned their DAO structures, citing dysfunction and disillusionment. Jupiter pointed to a "breakdown in trust," while Yuga CEO Greg Solano dismissed ApeCoin DAO as "sluggish, noisy and often unserious governance theater."

DAOs, once hailed as the future of decentralized decision-making, now face existential questions. These blockchain-native systems allow token holders to vote on treasury allocations and protocol upgrades. Yet, their promise of community capitalism is increasingly overshadowed by governance failures. "I absolutely understand the frustration with sluggish, broken governance," said Kollan House, founder of MetaDAO. "This is the problem with token voting."

Originally conceived to democratize participation, DAOs now operate in a legal and financial gray area. Governance tokens often serve as securities workarounds rather than tools for accountability. The path forward remains uncertain as the industry grapples with these structural flaws.

Pump.fun's PUMP Token ICO Draws Attention with Unlocked Distribution Model

Solana-based memecoin launchpad Pump.fun will debut its native PUMP token through an Initial Coin Offering on July 12. The 1 trillion token supply features an unconventional distribution model with fully unlocked tokens at launch—a stark contrast to typical vesting schedules.

Institutional buyers secured 18% of the supply at $0.004 per token in private sales, while 15% will be available on major exchanges including Kraken, Bybit, and KuCoin. The public sale concludes when 150 billion tokens sell out or by July 15 UTC, whichever comes first.

The remaining allocation reveals memecoin ecosystem priorities: 24% for community initiatives, 20% team allocation, and a curious 3% earmarked for live streaming activities. This structure highlights the platform's focus on immediate liquidity and creator engagement over traditional lock-up periods.

Solana Futures Trading Volume Exceeds $4B Amid Institutional Demand

Institutional interest in Solana has surged, with futures trading volume at CME Group surpassing $4 billion. This milestone underscores Solana's evolution from a high-performance blockchain to a mainstream asset in institutional portfolios.

CME Group's Solana futures, including micro contracts, have democratized access for traders while maintaining robust liquidity. The platform's regulated environment appeals to professional investors seeking crypto exposure without direct asset ownership.

Solana's combination of low fees and high throughput continues attracting both developers and financial institutions. The micro futures' success highlights growing retail participation alongside traditional market players.

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