ChainCatcher News, according to Cointelegraph, the Solana ecosystem meme coin issuance platform Pump.fun has seen a significant drop in weekly revenue due to the suspension of its live streaming feature. Data shows that the platform reached a weekly revenue high of $33.83 million in the fourth week of November, an increase of nearly 400% from the beginning of the month. After shutting down the live streaming feature, revenue plummeted to $11.31 million from November 25 to December 1.
Previously, the platform was forced to suspend its live streaming service due to users posting threatening content during the broadcasts, and several industry insiders warned that this incident could trigger a criminal investigation. Yuriy Brisov, a partner at Digital and Analogue Partners, stated that this is 'a reasonable basis for a criminal investigation and civil litigation.'