Pump.Fun Relaunches Live Streaming with New Moderation Policies

3 mins mins

Key Points:

Pump.Fun’s live streaming service resumes for 5% of users.
New moderation policies introduced to address past issues.
Potential revitalization of Solana’s memecoin activities.

Pump.Fun, a Solana-based meme coin launchpad, has resumed its live streaming service on April 5, activating it for 5% of users while introducing new moderation policies.

The relaunch aims to regain user trust with stricter guidelines, potentially revitalizing Solana’s memecoin activities.

Pump.Fun Relaunch With 5% User Activation

After a five-month hiatus, Pump.Fun has reactivated its live streaming feature with stricter moderation policies to address past issues. The initial roll-out reaches only a select 5% of users. Alon Cohen, co-founder, announced the relaunch, emphasizing the importance of safety and creativity without excessive censorship. Enhanced policies aim to avoid controversial content that led to the previous suspension. This strategic approach might catalyze increased activity and trust among users. Observers note the potential for reinvigoration in Solana’s market impact, highlighting the platform’s role in its memecoin activities. Alon Cohen remarked on maintaining balance between creativity and safety. Some users and crypto influencers expressed skepticism over the new guidelines‘ capability to prevent previous issues, labeling the platform risky for developers.

According to CoinMarketCap, Solana’s current trading price is $120.11, with a market cap of approximately $61.81 billion and a trading volume of $1.66 billion despite a 67.62% decrease. Prices fell 1.55% over 24 hours, extending a 43.47% decline in 90 days. The platform’s TVL and user engagement appear not significantly impacted yet by broader market declines. The Coincu research team suggests that Pump.Fun’s moderation policies will directly influence Solana’s memecoin activity. Historical remodeling attempts highlight potential challenges in enforcing user compliance and achieving both safety and freedom of expression. The approach will likely shape future technological strategies in decentralized streaming platforms.

Alon Cohen, Co-founder of Pump.Fun, stated: “Pump.fun live streaming has been rolled out to 5% of users with industry standard moderation systems in place and transparent guidelines.”

Market Impact and Future Implications

Did you know? Pump.Fun’s November 2024 suspension caused a 74% revenue drop, highlighting significant reliance on live streaming for user engagement and financial stability.