In brief
- A blockchain researcher accidentally burned (or effectively destroyed) $58,000 worth of PUMP tokens.
- He bought $40K worth of the Pump.fun token in Saturday’s ICO, with PUMP jumping in value when trading began Monday.
- The trader said he wasn’t too upset about the miscue, since there was nothing he could do to change it.
A blockchain researcher accidentally burned approximately $58,000 worth of Pump.fun’s PUMP token on Solana—but he told Decrypt that he isn’t “sad or angry” about the costly mistake.
The mistake came after he bought $40,000 worth of the token in Pump.fun’s sought-after token sale on Saturday, which sold out in just 12 minutes. Once the token launched, PUMP debuted at a price of $0.005827, which is 45% higher than its ICO valuation, bringing the unlucky trader’s losses to a to
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Author: Ryan Gladwin
