User Accidentally Erases 10 Million PUMP Tokens: A $75,000 Blunder

Just a day after the token launchpad's ICO, a user mistakenly deleted 10 million PUMP tokens, equating to a $75,000 loss, according to blockchain analytics resource, Lookonchain. The tokens were removed while the user conducted a routine operation in their wallet and were sent to an incorrect address, effectively burning the tokens beyond recovery. This mishap underlines the importance of double-checking addresses when dealing with cryptocurrencies.

The Solana-based meme coin launchpad's ICO sold $500 million worth of PUMP, each valued at $0.0040, in 12 minutes. Some discrepancies arose post-sale, and the initial statement didn't align with the final result, causing some controversy. The platform had also faced other hurdles before proceeding with the official ICO.