10,000,000 PUMP Tokens Mistakenly Deleted by User: The $75K Error
2025-07-14 14:35:28
Main Idea
A user lost $75,000 worth of PUMP tokens due to an irretrievable burn incident shortly after the token launchpad's ICO, which raised $500 million in 12 minutes.
Key Points
1. A user lost $75,000 worth of PUMP tokens in an irretrievable burn incident.
2. The Solana-based meme coin launchpad's ICO sold $500 million worth of PUMP tokens at $0.0040 each in 12 minutes.
3. The token distribution plan allocated 33% to the ICO, 20% to the development team, and 24% to the community and other initiatives.
4. 13% of the funds were designated for the ecosystem, liquidity fund, and live streams.
Description
The burn incident transpired just one day after the token launchpad’s ICO. A Costly Mishap 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...
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