Missed $PUMP Sale? Kraken Plans Airdrop for Affected Buyers

TL;DR

• Kraken confirms free $PUMP airdrop for customers with failed orders because of system constraints.
• The change 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 should 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 accessible provide.

“We reviewed inner order logs and shopper exercise to determine these affected,” Sethi said.

In the meantime, the change has not shared what number of customers will obtain tokens, however confirmed that eligibility relies on verified intent to order through the sale window. The distribution will probably 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 might 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 an inventory,” 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 an inventory and can e-mail purchasers quickly.

— Mark Greenberg (@marklg) July 12, 2025

Different Exchanges Face Comparable Points

Kraken was not the one one dealing with issues through the $PUMP sale. Bybit issued an apology after customers reported points putting orders simply seconds after the sale opened.

“Resulting from 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 should share a further replace quickly.

Pump.enjoyable concluded its $500 million ICO in simply 12 minutes. Nonetheless, the platform didn’t distribute the total variety of tokens initially introduced for the general public sale.