Memecoin Livestream Revenue Drop Cuts Pump.fun Earnings

Key Points:

• Memecoin Livestream Revenue Drop led Pump.fun to lose $1.5M in one day, marking its sharpest decline since March, as live streams were disabled.
• User outrage and platform fatigue drove the Memecoin Livestream Revenue Drop, causing Pump.fun to lose 33% of its daily revenue.

Memecoin Livestream Revenue Drop sees Pump.fun revenue fall by 33% to $3.6M after disabling livestreams following fake suicide and rising negative platform sentiment.

Impact of Memecoin Livestream Revenue Drop on Pump.fun

Pump.fun lost 33% to $3.6 million after turning off live streaming. A controversial phony suicide webcast outraged users and tarnished the platform’s image, prompting the sudden policy change. Since data tracking began in March, the incident caused the site’s greatest one-day revenue decrease of $1.5 million, demonstrating the immediate impact of bad sentiment.

This drop in revenue suggests user fatigue and dissatisfaction with Pump.fun’s memecoin market. Pump.fun has had a great run of $230 million in total income since January, but the current decrease suggests that it may need to reassess its goods and address consumer concerns to gain momentum in the competitive crypto landscape, according to Dlnews.

Read more: Pump.fun Livestream Feature Has Now Been Paused Indefinitely

Competitive Platforms Like Base Gaining Traction

Base is gaining popularity during Pump.fun matches. The scalable blockchain architecture and unique features of Base, which started with Coinbase, attract traders. AI-powered Clanker lets users simply establish memecoins, raising daily transaction volumes from $2 million to $116 million in November. This growth shows Base’s ability to attract attention despite Pump.fun’s failure.

Base’s popularity changes user preferences as traders seek more reliable and innovative venues. Analysts think Pump.fun’s revenue troubles accelerated this move because Base provides a good alternative. By dominating the popular meme coin industry, Base is setting a precedence for innovation.