Pump.fun Revenue Plummets After Livestream Shutdown

Pump.fun, a memecoin launchpad on Solana, saw a sharp revenue drop after disabling its livestream feature due to reports of harmful behavior during streams.

The platform had experienced strong growth in November, peaking at $33.83 million in revenue from November 18–24, a 60% week-on-week increase. However, earnings fell drastically to $11.31 million the following week – a 66% decline.

The livestream feature was suspended on November 25 after reports of alarming incidents, including threats of self-harm and violence by streamers attempting to promote their tokens.

Pump.fun acknowledged the issues, stating the feature would remain offline until proper moderation could be implemented.

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Experts have warned of potential legal repercussions for the platform. Legal analyst Yuriy Brisov noted possible criminal investigations, while Mikko Ohtamaa suggested regulatory scrutiny could lead to Pump.fun’s closure.

This situation highlights the risks of managing user-generated content on decentralized platforms.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.