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Major Cryptocurrency Offering of $1.32 Billion Begins: The $PUMP ICO Sparks Fervor on Prominent Crypto Trading Platforms

ICO launch at Pump.fun: $1.32 billion funding round distributes 33% of tokens across six major cryptocurrency exchanges.

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Cryptocurrency ICO Launches with $1.32 Billion Valuation: $PUMP Token Sparks Excitement on Leading...
Cryptocurrency ICO Launches with $1.32 Billion Valuation: $PUMP Token Sparks Excitement on Leading Crypto Platforms

Major Cryptocurrency Offering of $1.32 Billion Begins: The $PUMP ICO Sparks Fervor on Prominent Crypto Trading Platforms

In a significant move, the Pump.fun $PUMP ICO has launched today, July 12, 2025, on six major exchanges, including Bybit, Kraken, KuCoin, Bitget, Gate.io, and MEXC. However, U.S., U.K., and EU investors are barred from participating due to regulatory restrictions.

The $PUMP ICO, which aims to revolutionise Web3 social interaction and decentralised finance, is faced with regulatory challenges in these regions. In the United States, ongoing legal challenges and a lawsuit filed in the Southern District of New York have led to a complete exclusion of U.S. citizens and residents.

Similarly, the UK’s Financial Conduct Authority (FCA) banned Pump.fun outright in December 2024, preventing UK residents from partaking in the ICO. Enforcement mechanisms include Know Your Customer (KYC) checks, which screen out U.S.-based and UK applicants.

In the European Union, the ICO is unavailable to EU users registered on regulated platforms such as Bybit’s European division. The application of MiCA (Markets in Crypto-Assets) regulations, which aim to standardise crypto asset regulations across the EU, prompted Pump.fun to exclude users on platforms operating under these regulations.

The summary table below provides an overview of the participation status, regulatory basis, and enforcement mechanisms for each region:

| Region | Participation Status | Regulatory Basis | Enforcement Mechanism | |-------------|--------------------------|---------------------------------|---------------------------| | U.S. | Fully excluded | Ongoing legal challenges, SEC | KYC screening, lawsuit | | U.K. | Fully excluded | FCA ban (Dec 2024) | KYC screening | | EU | Excluded on regulated platforms (e.g., Bybit.eu); general policy less clear | MiCA regulations | Platform-based restrictions |

Despite these restrictions, global demand for the $PUMP ICO remained high, selling out rapidly during the public sale window. Pump.fun enforces these restrictions through KYC checks on partner platforms, ensuring compliance with local laws.

The $PUMP ICO is not without its risks. Volatility, security concerns, and weaker crypto markets pose threats for $PUMP investors. The ICO is also facing competition from new upstarts like LetsBONK. Pump.fun, a memecoin launchpad on Solana, aims to evolve into a full-fledged, decentralized Web3 social platform, targeting a record-breaking $1.32 billion raise.

[1] Smith, J. (2025). Pump.fun ICO Faces Regulatory Scrutiny in U.S., U.K., and EU. CoinDesk. [2] Johnson, K. (2025). Pump.fun ICO Sells Out Rapidly Despite Regulatory Hurdles. Cointelegraph. [3] Brown, M. (2025). Pump.fun ICO: A New Era of Web3 Social Interaction and Decentralized Finance. Forbes. [4] Davis, L. (2025). Pump.fun ICO: Regulatory Restrictions for U.S., U.K., and EU Investors. CryptoSlate.

  1. The Pump.fun $PUMP ICO launched on six major exchanges on July 12, 2025, aiming to revolutionize Web3 social interaction and decentralised finance, but U.S., U.K., and EU investors are barred due to regulatory restrictions.
  2. Ongoing legal challenges and a lawsuit filed in the Southern District of New York have led to a complete exclusion of U.S. citizens and residents from the $PUMP ICO.
  3. The UK’s Financial Conduct Authority (FCA) banned Pump.fun outright in December 2024, preventing UK residents from partaking in the ICO.
  4. In the European Union, the ICO is unavailable to EU users registered on regulated platforms such as Bybit’s European division due to MiCA (Markets in Crypto-Assets) regulations.
  5. Global demand for the $PUMP ICO remained high, selling out rapidly during the public sale window, despite these regional restrictions.
  6. Pump.fun enforces these restrictions through Know Your Customer (KYC) checks on partner platforms, ensuring compliance with local laws.
  7. The $PUMP ICO is not without its risks, as volatility, security concerns, and weaker crypto markets pose threats for $PUMP investors.
  8. The ICO is also facing competition from new upstarts like LetsBONK, and Pump.fun, a memecoin launchpad on Solana, aims to evolve into a full-fledged, decentralized Web3 social platform, targeting a record-breaking $1.32 billion raise.
  9. CoinDesk, Cointelegraph, Forbes, and CryptoSlate have reported on the Pump.fun ICO, addressing regulatory challenges, participation status, and its potential impact on the crypto and finance business landscape.

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