The blockchain-researcher, Chan Min Yu, mistakenly burned PUMP tokens in the amount of ~ $ 58,000. He accepted them for spam when cleaning the wallet on Solana.
Min Yu bought coins for $ 40,000 during Pump.fun tokens. The sale ended in 12 minutes. After listing, the price of PUMP increased by 45%, to $ 0.005827.
The trader used the burning function on the Axiom Exchange to remove spam tokens. He accidentally chose and destroyed PUmp.
Min Yu did not know about a mistake for several hours. He saw Lookonchain’s tweet about the user who burned the coin of the “memes of the memes”, and learned his address in it.
SOMEONE Accitally Burned 10m $ Pump($ 75K) While using A TOOL To get rID of AirDroped Junk Tokens.
Donomet Go Burning Tokens in your Wallet Unless You know What You’re Doing.https://t.co/rvrk8bhobr pic.twitter.com/galj0q6pvu
– Lookonchain (@lookonchain) July 14, 2025
The trader said in an interview with Decrypt that he was not upset, but laughed and shared the story with friends.
Min Yu admitted that he did not believe in the long -term growth of token. He planned to open a short position on PUMP, while holding the hedging assets purchased by $ 40,000.
In a joke, he added that he could release the Fuck PUMP meme-coin and earn on his error, pretending it for a thought-out campaign against PUMP.FUN.
According to Solscan, other traders also burned PUmp, but for smaller amounts. For example, one lost $ 1627, and the other accidentally included $ 837 in the PUMP spam tokens.
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Source: Cryptocurrency
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