BlockBeats news, on December 2, according to Cointelegraph reports, the Solana ecosystem meme coin issuance platform Pump.fun saw a significant decline in weekly revenue due to the suspension of its live streaming function. Data shows that the platform reached a new weekly revenue high of $33.83 million in the fourth week of November, nearly a 400% increase from the beginning of the month. After the live streaming function was shut down, 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 a live broadcast, with multiple industry insiders warning that the incident could trigger a criminal investigation. Digital and Analogue Partners partner Yuriy Brisov stated that this is 'reasonable grounds for a criminal investigation and civil litigation.'