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A move by a crypto world player in Taiwan caused the Wallet to disappear in seconds, $75,000 $PUMP.
Taiwan KOL's first-hand slide, 75,000 USD disappeared.
A Solana address starting with 4X43D recently burnt 10,000,000 $PUMP tokens, and the Solscan page shows that this is equivalent to burning $75,000 worth of tokens. $PUMP is the leading meme coin issuance platform on Solana, which recently launched a public sale on-chain and across major exchanges. Players who completed purchases on-chain will receive tokens, but they are still in a non-transferable state. Pumpfun just held a public sale with a market cap of $4 billion and raised $600 million in just a few minutes. Why would anyone burn tokens?
The answer has been revealed, and the address belongs to a Taiwanese cryptocurrency player, CryptoCharming. CryptoCharming is a researcher at SuDo Research and is also known on Twitter for project investigations and meme coins.
The clown turned out to be Charming himself.
It turns out that although the $PUMP token cannot be transferred, it can be destroyed. At that moment, CryptoCharming was using the burn feature of the trading tool Axiom to organize his meme coins in his wallet. He even found it amusing when he saw others posting about this matter, only to realize upon closer inspection that it was his own wallet address. After analysis, it is possible that $PUMP was classified as an unknown token, which is why it was cleared with one click.
From the on-chain records, the address continuously cleared tokens and closed account ( before and after the incident. The author adds: holding tokens on Solana incurs a storage fee, which can be reclaimed when the tokens are not at that address ). After the destruction event gained massive attention, someone sent $BURNPUMP tokens worth up to $15,000 to CryptoCharming, but he expressed concerns about being attacked online due to potential market dumping and chose to burn the tokens.
This article discusses an action by a cryptocurrency player in Taiwan, where their wallet disappeared in an instant, losing $75,000. The term $PUMP first appeared in Chain News ABMedia.