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A user accidentally burned $75,000 worth of PUMP tokens during a wallet cleanup exercise, highlighting the importance of double-checking high-value assets.
In a shocking turn of events, a Pump.fun user has inadvertently destroyed 10 million PUMP tokens worth a staggering $75,000. According to data shared by Lookonchain, the unfortunate incident occurred at precisely 13:16 UTC on Sunday, just one day after the token’s initial coin offering (ICO).
The reported mistake is believed to have occurred when the user employed software to remove low-value tokens that had been airdropped into their wallet. Unfortunately, PUMP tokens were also mistakenly included in the purge.
This incident serves as a stark reminder of the need for extreme caution when performing routine wallet maintenance. Pump.fun’s record-breaking ICO on Gate.io has raised $500 million despite an initial planned 72-hour sale window.
Source: www.coinspeaker.com
