Oops! User Accidentally Burns $75K Worth of PUMP Tokens! 🔥

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Oh, the irony! Just one day after the launch of PUMP tokens, a user managed to burn 10 million of them – worth a whopping $75,000! 💰

A Tragic Comedy of Errors

Thanks to the blockchain analytics resource, Lookonchain, we now know that a user lost their precious PUMP tokens by performing a simple wallet operation. Oops! 😅

The 10 million coins were either removed by a wallet function or a separate tool that filters unwanted airdrops. But alas, the user sent the tokens to the wrong address, effectively burning them into oblivion. 🔥

In the world of cryptocurrency, it’s always important to double-check the address you’re sending funds to. There are countless examples of people losing hundreds, if not millions, of unrecoverable funds. 😱

Pump.fun’s Token Sale: A Tale of Mixed Messages

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. 🚀

However, after the sale concluded, some discrepancies arose regarding the token distribution. The platform initially announced a maximum supply of 1 trillion, but the final result didn’t quite align with the initial statement. 😕

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. 😲

And let’s not forget the other hurdle they had to overcome before proceeding with the official ICO. 🤯

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2025-07-14 17:28