Kraken will airdrop PUMP tokens to compensate users who missed the subscription due to system problems

CoinRank News: Kraken co-CEO Arjun Sethi said that the PUMP tokens sold by Pump.fun will be airdropped to some users whose orders failed due to system restrictions. The PUMP token sale sold out in 60 seconds, and demand far exceeded supply. Kraken identifies affected users through internal order records and user behavior data, and the airdrop will be carried out automatically without user action. Sethi pointed out that the airdrop qualification is based on verified order intent during the sales window, and the tokens will be purchased by Kraken in the secondary market. The current Hyperliquid data shows that the price of PUMP is about $0.0067, which is a premium to the public sale price of $0.004. Pump.fun raised about $450 million in this round of ICO through the Solana chain, and the remaining tokens were sold in cooperation with exchanges such as Bybit, Kraken, Bitget, MEXC, KuCoin and Gate. Many platforms have encountered subscription problems, among which Bybit also issued an apology statement because some users placed orders within seconds of opening but still did not receive quotas, and plans to announce subsequent updates. (The Block)