Introduction
Pump.fun, the Solana-based memecoin launch platform, has relaunched its livestream option after halting it due to inappropriate content. The team now applies tougher moderation rules to foster a secure and innovative space for users.
On April 4, co-founder Alon Cohen shared on X that Pump.fun rolled out the livestream feature to 5% of users for a trial run. The platform paused this tool in November 2024 when users aired troubling material like violence, harassment, and threats to minors. The livestream once fueled a record-breaking 69,000 token launches in a single day.
What Makes Pump.fun Unique?
Pump.fun serves as a Solana-powered launchpad for memecoins, enabling users to craft and trade tokens without coding expertise. Its simple interface encourages financial creativity for both novices and seasoned creators, helping projects take off swiftly.
The platform shines as a hub for meme coin launches on Solana, with standout tokens showing remarkable gains:
- Peanut the Squirrel (PNUT): In November 2024, PNUT surged 258.9%, hitting a $1.657 billion market cap and $1.66 billion in daily trading volume.
- Act I The AI Prophecy (ACT): ACT climbed to a $178.9 million market cap, trading at about $0.1888.
- Fartcoin (FARTCOIN): With meme-driven popularity, FARTCOIN reached a $403.4 million market cap and a price of $0.4013.
- Comedian (BAN): BAN now boasts a $57.7 million market cap, trading at $0.05759.
Livestream: A Risky Boost to Growth
At its height, the livestream feature sparked a frenzy, driving over 69,000 daily token launches. Between November 17 and 23, 2024, Pump.fun averaged more than 50,000 token deployments daily. Yet, some users hijacked livestreams to air harmful acts—like animal cruelty and extortion—to manipulate prices.
Community outrage and legal worries forced Pump.fun to suspend the feature and address the damage.
Stricter Rules to Clean Up Content
Pump.fun now enforces robust guidelines and enhanced moderation tools, banning livestream content involving:
- Violence or terrorism
- Harassment or bullying
- Sexual or explicit material
- Threats to minors
- Illegal acts
- Privacy breaches
- Copyright violations
- Extremist content
The team vows to terminate offending streams instantly, with repeat offenders risking permanent bans. Critics, however, note that new wallets could let violators slip back in.
Reviving Memecoin Hype
Pump.fun once raked in over $7 million daily at the close of 2024. Recent stats from Dune Analytics and DefiLlama show a dip to $885,000 in 24-hour revenue—a sharp 87% fall from its peak. Still, the platform averages 27,000 new token launches daily and nears 10 million total deployments in the next month.
The livestream relaunch aims to rekindle enthusiasm and boost activity. Pump.fun also introduced PumpSwap, a decentralized exchange challenging Solana leaders like Raydium.
Limited NSFW Content Gets a Pass
While tightening rules, Pump.fun permits some NSFW content if it aligns with core policies. Alon Cohen stressed balancing creativity with responsibility. “We aim for a space where financial experiments thrive without ethical risks,” he said.
Conclusion
Pump.fun seeks to restore its image after a rocky period. The livestream’s return, backed by stricter oversight, could spark fresh memecoin momentum on Solana while prioritizing accountability.
