Rumors are circulating online that a user allegedly destroyed 10 million PUMP tokens without realizing they were worth tens of thousands of dollars. The individual used a wallet-cleaning tool designed to remove spam, unaware that they were deleting assets valued at around $75,000.
Burned Tokens to Declutter Wallet
According to SolanaFloor, a major holder of the PUMP memecoin sent 10 million tokens to a null address. At current prices, the burned batch was worth approximately $75,000. The user reportedly used the Axiom tool to remove unwanted assets from their wallet, under the impression that they were disposing of useless spam.
Later on, social media users identified the individual as influencer CryptoCharming1, known for trading memecoins on Solana and interacting with large wallets. Based on his activity, this was not his first time engaging in such trades. The wallet address is now tagged as "dust" and holds a small amount of SOL, likely for tracking future transactions.
Token Origin Raises Questions
The origin of the tokens and the incident itself sparked debate. The main point of contention is that the official PUMP airdrop has not yet occurred. Pump.fun only announced the upcoming token sale on July 12, 2025, mentioning in their post that an “airdrop [is] coming soon.” This casts doubt on when and how the user obtained the tokens that were later destroyed.
Participants in social media discussions have proposed various theories. One version suggests the tokens were distributed in a presale; another points to rewards for activity on the Pump.fun platform. A third possibility is involvement in an ICO. However, none of these theories have been confirmed so far.
Some users have highlighted the technical side of the event. According to @Benito_Llan, if the token was non-transferable, the wallet cleaner may not have been able to retrieve price data or other information to flag the asset as valuable. Before burning the PUMP tokens, the user had also destroyed several other minor tokens within a few minutes. This sequence of actions, he argues, supports the theory that it was an honest mistake.
Similar Incidents
This isn’t the first time carelessness has resulted in major crypto losses. In November 2024, the creator of the “I HAVE NOTHING” memecoin, known as DomTheTroll, accidentally sent all of his tokens to a burn address during a livestream. The estimated loss was around $150,000. The blunder went viral on social media and sparked reactions ranging from sympathy to accusations of hype manipulation.
A developer of another Solana memecoin, Slerf, who goes by the name Slerfsol, also burned $10 million worth of tokens, including liquidity and coins intended for an airdrop. As a result, the project was left without a token supply. Still, the price of SLERF surged by 2,900% in a single day, driven by speculative market activity.
What Does Burning Tokens Mean In Crypto? How Can It Impact a Token’s Price
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