On July 14, according to on-chain analysis platform Lookonchain (@lookonchain), a user accidentally burned 10,000,000 PUMP while using a tool to clear airdropped junk tokens. [Deep Tide TechFlow]

The burn incident transpired just one day after the token launchpad’s ICO.<h2>A Costly Mishap</h2>The blockchain analytics resource, Lookonchain, posted on the social media platform X, showcasing how a user lost $75,000 worth of PUMP tokens by carrying out a routine operation in their wallet.The 10 million coins were removed either by a specific wallet functionality or a separate tool that filters unwanted airdrops.By sending the tokens to the incorrect address, this investor effectively destroyed, i.e., burned the stash, which is now irretrievable.This action is typically taken to reduce supply and act as a deflationary mechanism; however, in the case of wallet address “4X43Dm,” it was likely an accidental, costly mistake.An unwritten rule in the cryptocurrency world is always to double-check the address to which you are sending funds, as there are numerous examples of losses amounting to hundreds, if not millions, of unrecoverable funds.<h2>Pump.fun’s Token Sale</h2>The Solana-based meme coin launchpad’s Initial Coin Offering (ICO) sold $500 million worth of PUMP, valued at $0.0040 each, in just 12 minutes.According to their official post on X, the platform announced that the token would have a maximum supply of 1 trillion, but some discrepancies arose once the sales event concluded.In total, 33% was intended for the ICO, 20% for the development team, and 24% for the community and other initiatives. In addition, 13% of the funds were allocated to early investors, with the remaining funds distributed among the ecosystem, liquidity fund, and live streams.As CryptoPotato reported, some controversies unfolded after the sale concluded, as the platform’s initial statement did not quite align with the final result.Moreover, that wasn’t the only hurdle they had to overcome before proceeding with the official ICO. [CryptoPotato]

PUMP

10,000,000 PUMP Tokens Mistakenly Deleted by User: The $75K Error

Crypto KOL @CryptoCharming1 posted on the X platform that he accidentally destroyed $75,000.0 worth of PUMP tokens through the Axiom platform while organizing his wallet. He also stated that he did not notice it at first, and only realized the mistake after seeing @BroLeonAus's tweet. [Odaily Planet Daily News]

Crypto KOL Mistakenly Destroys $75,000 Worth of PUMP Tokens

On July 14, according to Lookonchain monitoring, an address accidentally destroyed 10,000,000 PUMP (approximately $75,000.00) while using a tool to clean up airdropped junk tokens. [BlockBeats]

An address mistakenly destroyed 10,000,000 PUMP tokens, resulting in a loss of approximately $75,000.

On July 14th, according to LookIntoChain's monitoring, a certain address accidentally burned 10 million PUMP tokens (worth approximately $75,000) while using a tool to clean up airdrop junk tokens. [BlockBeats News]

An address mistakenly burned 10 million PUMP tokens, resulting in a loss of approximately $75,000.

A user accidentally burned 10,000,000 PUMP tokens.

According to Lookonchain monitoring, a user accidentally destroyed 10,000,000 PUMP tokens (worth approximately $75,000.00) while using a tool to clean up airdropped junk tokens. "Don't burn tokens in your wallet at will unless you know exactly what you're doing." [Foresight News]

A user mistakenly destroyed approximately $75,000 worth of PUMP tokens.

7月14日，根据链上分析平台Lookonchain（@lookonchain）的消息，一位用户在使用工具清理空投的垃圾代币时，不小心烧毁了1,000万枚PUMP代币。[Deep Tide TechFlow]

一名用户不小心销毁了1000万枚PUMP代币。

7月14日，根據鏈上分析平臺Lookonchain（@lookonchain）的消息，一位用戶在使用工具清理空投的垃圾代幣時，不小心燒燬了1,000萬枚PUMP代幣。[Deep Tide TechFlow]