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. 🤯
Read More
- Silver Rate Forecast
- USD IDR PREDICTION
- Gold Rate Forecast
- USDE PREDICTION. USDE cryptocurrency
- FIL PREDICTION. FIL cryptocurrency
- LEO PREDICTION. LEO cryptocurrency
- WLD PREDICTION. WLD cryptocurrency
- AVAX PREDICTION. AVAX cryptocurrency
- Brent Oil Forecast
- EUR JPY PREDICTION
2025-07-14 17:28