Kraken is issuing a surprise airdrop of PUMP tokens to users left empty-handed during Pump.fun’s high-demand token sale.
The exchange confirmed that technical bottlenecks prevented some participants from completing orders, despite arriving on time.
The sale itself sold out in less than a minute, with demand overwhelming Kraken’s infrastructure. After reviewing internal activity logs, Kraken identified affected users and pledged to compensate them directly—no application or action required.
The tokens will be sourced from the secondary market, where PUMP is currently trading around $0.0067, notably higher than its $0.004 presale price.
Kraken isn’t alone in facing backlash. Bybit also experienced issues, citing an API delay that caused oversubscription and failed orders just seconds into the sale. The exchange later revised its statement, initially blaming the glitch on Pump.fun before walking it back.
Pump.fun raised roughly $450 million through its Solana-based ICO, with partner exchanges including Kraken, Bybit, KuCoin, MEXC, Gate, and BitGet. As buyers scramble to secure allocations post-launch, exchange glitches have added fuel to the fire in an already frenzied memecoin market.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/kraken-to-airdrop-pump-tokens-after-public-sale-chaos/