At the critical moment when Memes became popular, the Pump platform's inaction on reviewing live content led to its own downfall:
The Solana memecoin launchpad Pump.fun saw a decline in weekly revenue after being disabled from live broadcasting due to reports of harmful content. From November 18 to 24, the memecoin launchpad had a weekly revenue of $33.83 million. This figure was a 60% increase compared to the previous week and nearly a 400% increase compared to the beginning of the month.
Although we love Memes and hope to get rich through them, it’s not the essence of crypto when it’s tainted by violence, crime, and obscenity.~
