YEREVAN (CoinChapter.com) — Pump.fun, a popular Solana memecoin launchpad, experienced a sharp decline in revenue following its decision to disable its livestream feature. Between Nov. 18–24, the platform achieved its highest revenue yet, generating $33.83 million in one week, according to DefiLlama data.
This marked a 60% increase from the previous week and nearly a 400% rise from the start of November. However, after the suspension of its livestream feature, the following week’s revenue fell significantly to $11.31 million, representing a 66% drop.
Pump.fun Revenue Chart. Source: DefiLlama Livestream Controversy Leads to Revenue Drop
The revenue dip coincided with the suspension of Pump.fun’s livestream feature, following multiple reports of harmful content being broadcast. On Nov. 25, Beau, a safety project manager at Pudgy Penguins, raised concerns about a disturbing livestream incident. A user allegedly threatened to commit suicide if their token failed to reach a specific market cap.
Beau’s Tweet on Pump.fun Livestream. Source: X
Beau alerted Pump.fun via X and urged the platform to disable the stream and provide necessary support. Additional reports of violent threats emerged, including one user allegedly threatening to harm a dog and another reportedly making threats against schools.
In response, Pump.fun suspended its livestream feature indefinitely. In a community statement on Nov. 25, the platform acknowledged the reports and stated that the feature would remain paused until proper moderation tools were implemented.
Legal Concerns Raised Amid Pump.fun Livestream Suspension
The livestream controversy has also attracted attention from legal experts. Yuriy Brisov, a partner at Digital and Analogue Partners, described the incidents as a “legitimate reason for a criminal investigation and civil lawsuits.”
Meanwhile, Mikko Ohtamaa, co-founder of Trading Strategy, noted that the platform might face regulatory scrutiny. While Pump.fun has taken action by disabling the livestream, the financial impact of the decision is evident.
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