Solana Pump.Users Want Fun Shut Down Due to Livestream Chaos
After a viral surge of users pumping tokens via Livestream, Solana-based memecoin launchpad Pump.fun is in trouble. Many community members have used deception to benefit from the memecoin craze, which has led to recent negative conduct.
Livestream Chaos From Solana Memecoin Frenzy
Solana's Pump.fun was criticized on Monday when users streamed violent and abusive video on Livestream to get viral and pump tokens.
The “trend” began last week when a 12-year-old trader established Gen Z Quant (QUANT) and sought to scam investors on a Pump.fun broadcast. The crypto community took over the token, raised its market worth to $80 million, and doxxed the youngster and his family as “revenge.”
After this occurrence, people began “taking advantage” of streaming. Users made many Solana memecoins over the weekend using provocative questions, according to internet sources.
However, crypto token developers threaten to kill themselves, others, or animals if their memecoins don't achieve a certain market valuation. A 12-year-old reportedly threatened to kill his family if his token didn't pump.
One teenage “developer” threatened to blow his school. Another creator livestreamed himself firing out his window as memecoin rose. One user chained a lady in her underwear to a chair and threatened to remove her garments if the market cap reached $100,000.
Users Request Pump.Fun Stops
Crypto enthusiasts criticized the Solana memecoin launcher for hosting the offensive information. Several commenters termed the scenario a “Black Mirror episode,” saying the conduct is bad whether the goodies are genuine or a political humor.
Pump.fun was the most popular token launcher this year for memecoin production and distribution. In Q3, the launchpad doubled fees and income above Ethereum and most Solana protocols.
Dune data shows that the Solana launchpad has deployed 3.82 million tokens and produced $247 million in revenue.
