Pump.fun Indefinitely Hits Pause on Live Streams

Solana-based memecoin generating platform Pump.fun has been facing a lot of backlash from community members of late.

Background

• Users have been broadcasting harmful, abusive, and violent acts via the platform’s live stream feature
• Community members say that the content being streamed isn't just distasteful, “it's literally a pipeline of felonies”
• They've also branded the content shared on Pump.fun live streams as "uninteresting" and "conceptually lazy"
• To tackle the issue, the platform has paused its live streaming feature
• It will remain disabled for an “indefinite time period” until the moderation infrastructure is ready to deal with the heightened levels of activity

Why should you pay attention?

• A Pudgy Penguins safety project manager pointed out that someone on live stream threatened to hang themselves if the coin launched did not attain a set market cap

• The Pump.fun team says,

“We acknowledge that recent events on our platform's live streams have caused concern”

• The team has taken a “firm stance” on moderating inappropriate activity
• This includes proactively removing coin images, names, descriptions, and comments, tagging any NSFW content, taking down live streams, and more recently, taking down videos

Who said what?

• Commenting on the current state of affairs, on-chain sleuth ZachXBT said,

“Even more wild how the people creating these coins barely take any measures to mask their identity”

• The detective, however, doesn’t have Pump.fun related projects on his radar
• He clarified,

“I currently am not really tracking this stuff. People who choose to trade Pump Fun coins are gamblers not victims”

• Meanwhile, the Safety Manager at Pudgy Penguins underlined that,

“Don’t think it’s just about money, but also for clout IRL with friends, etc”

Zooming out

• Another community member asserted that there is an art to shock value on stream
• Simply sharing shocking and horrific content ain’t innately interesting
• People seek stories and novel concepts that engage them, and that should be prioritized going forward
• Binance founder ‘Changpeng Zhao’ encouraged building “real” applications using blockchain technology

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