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News

Pump.fun Livestream Feature Has Now Been Paused Indefinitely

November 26, 2024 - Around 2 mins mins to read

Key Points:

  • Pump.fun has indefinitely suspended its livestream feature after widespread backlash over harmful and offensive content.
  • The Pump.fun livestream feature faced criticism for enabling violent, explicit, and illegal broadcasts.
Pump.fun, a Solana-based memecoin launchpad, has indefinitely shut down its livestream feature after an increase in controversies regarding violent, explicit, and illegal broadcasts.
Pump.fun Livestream Feature Has Now Been Paused Indefinitely

Read more: Pump.fun Attacker Now Trying to Dismiss His Guilty Plea Over $2M Hack 

Pump.fun Livestream Feature Suspended After Backlash Over Content

The move comes after increasing backlash from the crypto community over rising concern for poor content moderation. The platform, designed to let people create tokens free of charge and connect with communities, introduced streaming to complement user interactions in May.

But soon, the Pump.fun livestream feature became a lightning rod for controversy. The emergence of several toxic contents, including terror, self-harm, and animal cruelty, had set off an uproar. Social media went viral due to the issues concerned with viral posts, with influential figures within the crypto space threatening to boycott the site unless the feature was brought offline.

The most disturbing incident was of a trader threatening to commit suicide linked to the performance of his token’s market. This and other disturbing cases led to calls from all corners for Pump.fun to take steps to improve its content management policies or to scrap the feature altogether.

Pump.fun Pledges Stronger Moderation Amid User Concerns

The site has a long history of hosting controversial content and has been compared to anonymous forums such as 4chan, with its generally chaotic, unpoliced environment. Not very long ago, Pump.fun faced criticism for facilitating pump-and-dump schemes that left investors with heavy losses.

Pump.fun livestream feature will be turned off until its moderation infrastructure meets higher standards. The company said it was committed to bringing back the feature in a responsible way and in a manner that takes community concerns into consideration.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.