TL;DR
- Kraken confirms free $PUMP airdrop for customers with failed orders because of system constraints.
- The alternate will purchase $PUMP from secondary markets as token trades above public sale worth.
- Bybit and different exchanges additionally confronted points, however solely Kraken has introduced a compensation plan.
Kraken Responds After Customers Face Order Failures
Kraken introduced it can airdrop $PUMP tokens to customers who had been unable to finish their purchases throughout Pump.enjoyable’s token sale because of “system constraints.”
Co-CEO Arjun Sethi confirmed the transfer, saying the sale was totally subscribed in beneath sixty seconds and demand far exceeded out there provide.
“We reviewed inner order logs and consumer exercise to determine these affected,” Sethi said.
In the meantime, the alternate has not shared what number of customers will obtain tokens, however confirmed that eligibility relies on verified intent to order in the course of the sale window. The distribution shall be automated and freed from cost.
Kraken to Buy Tokens for Airdrop
Kraken will purchase $PUMP tokens from the secondary market to satisfy the airdrop. On the time of writing, perpetuals market Hyperliquid reveals $PUMP buying and selling at round $0.0064, which is above the $0.004 public sale worth.
This means that affected customers could obtain tokens at a premium in comparison with the unique providing.
Kraken’s world head of shopper enterprise stated on X that impacted customers will obtain an e-mail quickly. “We’re engaged on a listing,” the staffer famous, although some customers claimed they had been by no means capable of entry the sale in any respect.
We’re engaged on a listing and can e-mail purchasers quickly.
— Mark Greenberg (@marklg) July 12, 2025
Different Exchanges Face Related Points
Kraken was not the one one dealing with issues in the course of the $PUMP sale. Bybit issued an apology after customers reported points inserting orders simply seconds after the sale opened.
“On account of an surprising API delay the providing was oversubscribed,” Bybit wrote on X.
A earlier model of the assertion blamed the delay on Pump.enjoyable however was later edited.
BitGet, MEXC, KuCoin, and Gate additionally participated within the sale, however none have introduced comparable airdrop plans. Bybit has stated it can share an extra replace quickly.
Pump.enjoyable concluded its $500 million ICO in simply 12 minutes. Nevertheless, the platform didn’t distribute the total variety of tokens initially introduced for the general public sale.
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