Costly Mistake! Trader Accidentally Burns 10 Million $PUMP Tokens

A crypto trader has recently lost over $75,000 worth of PUMP, the recently launched native token of the Solana-based memecoin platform, Pump.fun. The costly mistake occurred just a day after the token’s anticipated initial coin offering (ICO) was completed.  

A Costly Mistake

The trader, identified as @CryptoCharming on X, recently came out to explain the situation. He stated that he accidentally burned the tokens while trying to get rid of scam coins in his wallet.

⌠ Accidentally burned $75K worth of $PUMP ⌡

Some CT bros have been farming engagement and running scams with my wallet address, so here’s the real deal straight from me:

Wallet: 4X43DmYRtzLcyv2YRhC8vaTeqB5BTL6jX7LDtzfz47aC

I was just minding my business using @AxiomExchange… pic.twitter.com/HIt2lHyHS4

— CryptoCharming 🐟 (@CryptoCharming1) July 14, 2025

According to the trader, he was using a token burn tool to clear out low-value tokens airdropped to his wallet. Unbeknownst to him, the wallet also contained 10 million PUMP tokens, which he acquired during the token’s recently concluded ICO.

Notably, while the PUMP tokens currently cannot be transferred, they can be burned. Thus, while burning the junk tokens in his wallet, the trader accidentally burned the PUMP tokens, worth over $75,000 at current prices. 

This unfortunate incident highlights the inherent risks associated with the blockchain, where mistakes like sending funds to the wrong address or burning tokens are irreversible. These mistakes can cause significant losses, as is demonstrated in this case.

Crypto Community Reacts

Notably, the incident has sparked discussions about the importance of carefully reviewing blockchain transactions. While several members of the crypto community expressed sympathy over the trader’s loss, a few others criticized him. 

However, he remains optimistic that he will recoup his losses, adding that his mistake has contributed to the deflationary value of the PUMP token.

”But no worries, I’m not that upset, at least I won’t make the same mistake next time. Here’s one of my life rules: ‘Focus on what u can control.’ Now it’s just about figuring out how to make it back. Simple,” he stated. 

Pump.fun’s ICO Raises $500M in 12 Minutes 

Despite the numerous controversies surrounding the platform, Pump.fun recorded a huge success in its PUMP token sale. The sought-after ICO was completed in 12 minutes, raising $500 million from the sale of 125 billion tokens. 

The swift completion of the ICO highlights the growing investor interest in the memecoin market. Meanwhile, Pump.fun has continued to expand its offerings. The platform recently acquired the on-chain wallet tracker, Kolscan.

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