{"id":25308,"date":"2025-07-14T16:33:46","date_gmt":"2025-07-14T13:33:46","guid":{"rendered":"https:\/\/forklog.com\/en\/kraken-to-airdrop-extra-pump-after-token%e2%80%91sale-glitches\/"},"modified":"2025-07-14T16:33:46","modified_gmt":"2025-07-14T13:33:46","slug":"kraken-to-airdrop-extra-pump-after-token%e2%80%91sale-glitches","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kraken-to-airdrop-extra-pump-after-token%e2%80%91sale-glitches\/","title":{"rendered":"Kraken to airdrop extra PUMP after token\u2011sale glitches"},"content":{"rendered":"<p>On July 12, Pump.fun, a \u201cmeme-coin factory,\u201d held a $500m ICO for the PUMP token. The sale sold out in 12 minutes, but users on several platforms encountered problems.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">the <a href=\"https:\/\/twitter.com\/search?q=%24PUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PUMP<\/a> public sale has now ended.<\/p>\n<p>we are delighted to reveal that the <a href=\"https:\/\/twitter.com\/search?q=%24PUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PUMP<\/a> public sale was able to sell out in only 12 minutes.<\/p>\n<p>we would like to thank our entire community for participating!<\/p>\n<p>the <a href=\"https:\/\/twitter.com\/search?q=%24PUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PUMP<\/a> tokens will now enter the distribution phase \ud83d\udc47\ud83c\udffb <a href=\"https:\/\/t.co\/uqhQwRkL4f\">pic.twitter.com\/uqhQwRkL4f<\/a><\/p>\n<p>\u2014 pump.fun (@pumpdotfun) <a href=\"https:\/\/twitter.com\/pumpdotfun\/status\/1944043746292584849?ref_src=twsrc%5Etfw\">July 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the <a href=\"https:\/\/token.pump.fun\/\">ICO website<\/a>, only $51.5m went through three centralized exchanges (CEX). The bulk\u201489.7%\u2014was bought on Pump.fun itself.<\/p>\n<p>Exchanges where the sale was available:<\/p>\n<ul class=\"wp-block-list\">\n<li>Bitget;<\/li>\n<li>Kraken ($30m);<\/li>\n<li>Bybit;<\/li>\n<li>MEXC;<\/li>\n<li>Kucoin ($16.5m);<\/li>\n<li>Gate ($5m).<\/li>\n<\/ul>\n<p>Participants experienced order-processing delays and failed to receive their PUMP allocations. Kraken CEO Arjun Sethi therefore <a href=\"https:\/\/x.com\/arjunsethi\/status\/1944106914117480841\">announced<\/a> an additional token airdrop for users affected by the technical issue.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cEligibility for PUMP depends on a confirmed intent to place an order during the sale. No action is required. Distribution will occur automatically and at no cost,\u201d he wrote.<\/p>\n<\/blockquote>\n<p>The exchange\u2019s team will <a href=\"https:\/\/x.com\/marklg\/status\/1944118506121048404\">compile a list<\/a> of clients and send email notifications shortly.<\/p>\n<p>Bybit users noted that even buy orders placed in the <a href=\"https:\/\/x.com\/0xFS_\/status\/1944095428636532986\">ninth<\/a> and <a href=\"https:\/\/x.com\/hvsmash\/status\/1944088965729915119\">tenth<\/a> seconds after the sale began failed to go through. Bybit apologised for a glitch in processing <span data-descr=\"application programming interface\" class=\"old_tooltip\">API<\/span> requests.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24PUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PUMP<\/a> Token Sale Concludes Amid Oversubscription; Allocation Results Under Review <\/p>\n<p>The <a href=\"https:\/\/twitter.com\/search?q=%24PUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PUMP<\/a> token sale has now concluded. Due to an unexpected API delay the offering was oversubscribed, resulting in a portion of users successfully receiving their allocations, while others were\u2026<\/p>\n<p>\u2014 Bybit (@Bybit_Official) <a href=\"https:\/\/twitter.com\/Bybit_Official\/status\/1944079461382582274?ref_src=twsrc%5Etfw\">July 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cDue to an unexpected API delay, there was a request overload: some users successfully received allocations, while others did not,\u201d representatives of the exchange said.<\/p>\n<\/blockquote>\n<p>They assured that customers affected by the issue will receive full compensation.<\/p>\n<h2 class=\"wp-block-heading\">PUMP: fallout and figures<\/h2>\n<p>The meme-coin sale ranked among the <a href=\"https:\/\/www.investopedia.com\/tech\/most-successful-icos-all-time\/\">industry\u2019s three largest<\/a>, with a price of $0.004 and a $4bn valuation, according to Investopedia.<\/p>\n<p>According to <a href=\"https:\/\/dune.com\/adam_tehc\/pumpfun-ico\">Dune<\/a>, the ICO drew nearly 24,000 participants, of whom only 10,145 were able to acquire the token.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcASh_nIuwVdiRcbFmG9l0A_cxadWmUgiXGY4nzlxU4tG2rZbkSsA42r91KArJfjNKJH8ShDjZCk9pgTTS56pYm4eaUF3FZWKnwC53WapxIcz-M8-yHX9rrl8VRYuiO4G4b7-TGwQ?key=Z3VyWg6TWEYiS_-Mp4E2_w\" alt=\"Kraken \u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430 \u0434\u043e\u043f\u043e\u043b\u043d\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0439 \u0430\u0438\u0440\u0434\u0440\u043e\u043f PUMP \u043f\u043e\u0441\u043b\u0435 \u043f\u0440\u043e\u0431\u043b\u0435\u043c \u0441 \u0442\u043e\u043a\u0435\u043d\u0441\u0435\u0439\u043b\u043e\u043c\"\/><figcaption class=\"wp-element-caption\">Number of PUMP ICO participants. Source: <a href=\"https:\/\/dune.com\/adam_tehc\/pumpfun-ico\">Dune<\/a>.<\/figcaption><\/figure>\n<p>The average investment was $44,209. According to Bubblemaps, more than 75% of all PUMP is concentrated in 843 addresses that bought allocations larger than $100,000. Of these, 179 wallets hold tokens worth $1m.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">$500M raised<\/p>\n<p>75% came from under 1,000 people<\/p>\n<p>whale season <a href=\"https:\/\/t.co\/sXVRNZAgSy\">https:\/\/t.co\/sXVRNZAgSy<\/a><\/p>\n<p>\u2014 Bubblemaps (@bubblemaps) <a href=\"https:\/\/twitter.com\/bubblemaps\/status\/1944064024896794995?ref_src=twsrc%5Etfw\">July 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For now, pre-market trading is available on <a href=\"https:\/\/app.hyperliquid.xyz\/trade\/PUMP\">Hyperliquid<\/a>, where PUMP has traded above the presale price. At its peak, it reached $0.0072.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcPBUgz5FTU22v1rOmZNx9dNiSOSYTr-1EDqea1r9lQ1sH9LwGHP7GMs6BNWYm4mIERKrAfpeCnnvmr9xAQc53elWWThkd7k5m_xaJlSzBtM7evcOgehQjDbltxqAMXNbBalBry_g?key=Z3VyWg6TWEYiS_-Mp4E2_w\" alt=\"Kraken \u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430 \u0434\u043e\u043f\u043e\u043b\u043d\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0439 \u0430\u0438\u0440\u0434\u0440\u043e\u043f PUMP \u043f\u043e\u0441\u043b\u0435 \u043f\u0440\u043e\u0431\u043b\u0435\u043c \u0441 \u0442\u043e\u043a\u0435\u043d\u0441\u0435\u0439\u043b\u043e\u043c\"\/><figcaption class=\"wp-element-caption\">5-minute PUMP\/USD chart. Source: <a href=\"https:\/\/app.hyperliquid.xyz\/trade\/PUMP\">Hyperliquid<\/a>.<\/figcaption><\/figure>\n<p>Public trading is scheduled to launch on July 15.<\/p>\n<p>Views on the sale\u2019s success were mixed.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cPUMP will receive 25% of trading revenues, so beyond being one of the largest ICOs in history, the token will also become one of the most profitable by gross revenue in the crypto industry,\u201d <a href=\"https:\/\/x.com\/hosseeb\/status\/1942948311545307303\">said<\/a> Haseeb Qureshi, managing partner at venture fund Dragonfly.<\/p>\n<\/blockquote>\n<p>Pump.fun\u2019s founder, known as Alon, <a href=\"https:\/\/x.com\/a1lon9\/status\/1944140985539473557\">wrote<\/a> about a 15% sale worth $600m, while the sale page states 12.5% or $500m.<\/p>\n<p>A trader under the pseudonym <a href=\"https:\/\/x.com\/Ashcryptoreal\">Ashcryptoreal<\/a> <a href=\"https:\/\/x.com\/Ashcryptoreal\/status\/1944038769126257028\">reacted<\/a> to the speed of fundraising with the words:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cPumpfun closed the investment round. $600m in 12 minutes. People have learned nothing.\u201d<\/p>\n<\/blockquote>\n<p>On-chain analyst rezxb<a href=\"https:\/\/x.com\/rezxbt\">t<\/a> <a href=\"https:\/\/x.com\/rezxbt\/status\/1942955376191668611\">called<\/a> PUMP\u2019s tokenomics a liquidity-siphoning threat, with 40% of the total supply concentrated in the hands of the project team.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXflq5CBlJNwVSKo1VMe4AkAS8CW0KyccKZ7tmlLbEUQiT76mIk0x5TRoGwwgFnIouFvuPjVHtq2R_NF_DdxEyvIOlbtoF1GcaQYfLh6IfpXYHU4tCVuk--2VwMa0T8eeBWoUhGS?key=Z3VyWg6TWEYiS_-Mp4E2_w\" alt=\"Kraken \u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430 \u0434\u043e\u043f\u043e\u043b\u043d\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0439 \u0430\u0438\u0440\u0434\u0440\u043e\u043f PUMP \u043f\u043e\u0441\u043b\u0435 \u043f\u0440\u043e\u0431\u043b\u0435\u043c \u0441 \u0442\u043e\u043a\u0435\u043d\u0441\u0435\u0439\u043b\u043e\u043c\"\/><figcaption class=\"wp-element-caption\">PUMP tokenomics. Source: <a href=\"https:\/\/tokenomist.ai\/pump-fun\">Tokenomist.ai<\/a>.<\/figcaption><\/figure>\n<p>Ahead of the ICO, Pump.fun <a href=\"https:\/\/u1f987.com\/en\/news\/letsbonk-surpasses-pump-fun-in-daily-revenue\">lost the lead<\/a> in daily revenue to Letsbonk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 12, Pump.fun, a \u201cmeme-coin factory,\u201d held a $500m ICO for the PUMP token. The sale sold out in 12 minutes, but users on several platforms encountered problems. the $PUMP public sale has now ended. we are delighted to reveal that the $PUMP public sale was able to sell out in only 12 minutes. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,319,193,1715],"class_list":["post-25308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-ico","tag-kraken","tag-pump-fun"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=25308"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/25307"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=25308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=25308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=25308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}