Update on the pump.fun (PUMP) Token Sale Results

At 14:00 (UTC) on July 12, 2025, multiple platforms, including Bitget, simultaneously launched the token sale for pump.fun (PUMP), allowing users to submit subscription requests and freeze corresponding funds. By 14:14 (UTC), the subscription was closed. However, due to delayed confirmation via API, the total subscription amount exceeded the originally allocated public sale quota. Ultimately, 10,144 Bitget users successfully submitted subscription requests, and their funds remain frozen pending allocation.

Given the factual oversubscription and in order to safeguard user interests, after extensive consultation with the community, Bitget has decided to adopt a proportional allocation model based on the project-confirmed subscription cap and the total frozen amount on the platform. The details are as follows:

1. All users who successfully submitted a subscription request and had funds frozen will receive PUMP token allocations proportionally based on their subscription amount:

Final allocation ratio: Project-confirmed subscription cap ÷ Total frozen amount on Bitget = 28.0134%

Allocated PUMP amount: (User’s frozen amount ÷ Total frozen amount) × Project-confirmed Bitget allocation

Example: A user who subscribed and froze 10,000 USDT will receive an allocation worth 2,801.34 USDT in PUMP tokens. Based on the token price of 1 PUMP = 0.004 USD, the user will receive 700,335 PUMP tokens.

2. Bitget will unlock the remaining frozen subscription funds by 16:00 on July 13, 2025 (UTC), with 71.9866% of each user's frozen amount to be refunded.

Example: In the case above, the user will receive a refund of 7,198.66 USDT.

3. Once Bitget receives the PUMP tokens from the project team, the allocated tokens will be distributed to users' spot accounts within 48 hours.

Thank you for your understanding and continued support.