Trader Accidentally Burns 10M PUMP Tokens Using Cleanup Tool

A trader known in the Solana ecosystem as CryptoCharming1 mistakenly burned 10 million PUMP tokens, valued at $75,000, while attempting to organize his wallet with Axiom Exchange.

The incident underscores the importance of informed token management as PUMP’s circulating supply decreased, potentially affecting other similar memecoins. Immediate market reactions included increased scrutiny of wallet-cleaning tools and mishaps in token handling.

Using Axiom Exchange, trader @CryptoCharming1 accidentally burned 10 million PUMP tokens in an effort to clean his wallet. Due to not recognizing the PUMP airdrop’s value, over $75,000 worth of assets were destroyed. On Twitter, CryptoCharming1 clarified his mistake and reassured followers by providing his wallet details to prevent misinformation.

Lookonchain shared a warning against burning tokens without thorough understanding. The incident reduced PUMP’s supply significantly, drawing attention from the Solana community. This accidental burn may influence other traders to be more careful in handling and verifying their assets during wallet cleanup.

The mishap led to discussions within the crypto community about wallet tool interfaces. Calls for improved user warnings before conducting potentially destructive actions emerged. “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…” – @CryptoCharming1, as noted on Twitter, July 14, 2025. This highlights a frequent trading pitfall where the rapid growth of a token’s value results in unexpected financial outcomes.

The regretful circulation loss of PUMP tokens due to an accidental burn inspired a mixed reaction. Some traders saw potential value increases due to decreased supply, while others stressed the need for improved wallet management in preventing such incidents in the future.