Blockchain researcher Chan Min Yu inadvertently burned PUMP tokens valued at approximately $58,000, mistaking them for spam while cleaning his Solana wallet.
Min Yu had purchased $40,000 worth of the coins during the Pump.fun token sale, which sold out in 12 minutes. Following the listing, the price of PUMP surged by 45% to $0.005827.
The trader used a burn function on Axiom Exchange to eliminate spam tokens, accidentally selecting and destroying PUMP in the process.
Min Yu was unaware of the mistake for several hours. He discovered the error through a tweet by Lookonchain about a user who burned “meme factory” coins, recognizing his own address.
Someone accidentally burned 10M $PUMP($75K) while using a tool to get rid of airdropped junk tokens.
Don’t go burning tokens in your wallet unless you know exactly what you’re doing.https://t.co/RVrK8BHobr pic.twitter.com/gALJ0q6pvU
— Lookonchain (@lookonchain) July 14, 2025
In a conversation with Decrypt, the trader stated that he was not upset but rather amused, sharing the story with friends.
“Since it already happened and nothing could be done to fix it, there was no point in worrying. One of my life rules is to focus on what you can control,” he stated.
Min Yu admitted he did not believe in the token’s long-term growth. He had planned to short PUMP while holding the $40,000 worth of assets for hedging.
Jokingly, he added that he could launch a meme coin called Fuck Pump and profit from his mistake, presenting it as a calculated move against Pump.fun.
According to Solscan, other traders have also burned PUMP, albeit in smaller amounts. For instance, one lost $1,627, while another inadvertently included PUMP worth $837 in a spam token batch.
Earlier, Pump.fun ceded its lead in daily revenue to Letsbonk ahead of its ICO.