The PUMP token is, Native of pump.fun, started appearing in users’ wallets prior to its formal trading launch on July 15. 

The token was issued on Solana and attracted attention when one of the initial adopters accidentally burned 10 million PUMP, valued at an estimated 75,000.

Trading Launch Nears as Airdrops Begin

The Pump.fun PUMP presale ended up being sold out in 12 minutes on July 12. Token distribution started soon enough on a variety of centralized exchanges. Presale participants of Solana-based platforms such as Gate.io and Bybit began to receive PUMP allocations in their Solana wallets. 

the $PUMP public sale has now ended.we are delighted to reveal that the $PUMP public sale was able to sell out in only 12 minutes.we would like to thank our entire community for participating!the $PUMP tokens will now enter the distribution phase pic.twitter.com/uqhQwRkL4f

— pump.fun (@pumpdotfun) July 12, 2025

The airdrop lasted 48-72 hours, along with a minimal 10-token adventure level and up to a 10-million-mark budget limelight. These tokens will start appearing in the users’ wallets, but not all at once, but upon the start of formal trading. Pump. Fun has yet to distribute free tokens to use on the ecosystem, but now every whitelist buyer has been given their possessions.

Kraken was one of the most prominent ones in the presale and sold over 30 million dollars worth of PUMP.

Whale Mistakenly Burns 10M PUMP

On-chain data showed that 10.5 million PUMP tokens had already been burned, and one whale had burned 10 million of them. The wallet connected with Solana influencer @cryptocharming1 employed an automated utility that was supposed to eliminate spam tokens. The user failed to realize that the PUMP tokens were legitimate allocations and had these erased forever.

⌠ 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: 4X43DmYRtzLcyv2YRhC8vaTeqB5BTL6jX7LDtzfz47aCI was just minding my business using @AxiomExchange… pic.twitter.com/HIt2lHyHS4

— CryptoCharming (@CryptoCharming1) July 14, 2025

Since then, the wallet has been dusted with SOL to track it. The event brought further hype to the token but had no significant effects on the total supply. The trader has been trading with meme coins and other large wallets on Solana in the past.

Whale Activity Rises Ahead of Launch

There has been rampant interest in PUMP among large holders. Until the presale, there were only five spots on Hyperliquid. More than 50 whale wallets obtained long positions after the event. A majority of the traders are laying bets on the pre-launch price rallies when PUMP trading will become accessible.

Early trading on the Hyperliquid side has been seen on PUMP, whose prices have bounced back to approximately $0.006. The market is too liquid and volatile. The official exchange pairs will come online, but analysts will be keen on whether there is any form of manipulation.

PUMP tokens expanded after the presale, sparking expectations of a rally after the official trading started. | Source: Hyperliquid

Presale and whale buying have met with the price soaring, and the first trading hours have high expectations to meet.

The post PUMP Tokens Airdropped to Users as One Whale Burns 10M Tokens by Mistake first appeared on Coinfea.