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Pump.fun Livestreams Spark Controversy Over Dangerous Content
Discover the rising calls for improved moderation on Pump.fun's livestreams as users express concern over dangerous content and safety issues.
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Update Nov. 25th at 3.01PM ET: Pump.fun is pausing livestreaming indefinitely.
Pump.fun, the popular Solana memecoin launchpad, is facing calls for better moderation after a spate of users have turned to violence and other shocking acts via the platform's livestream feature.
What's the scoop?
- Dark Turn: The platform, launched in January 2024, enables users to create and promote tokens, but its livestream feature, introduced in August, is increasingly sparking serious concerns due to harmful behavior showcased during broadcasts.
- Dangerous Content: Notable incidents have included suicide threats, abuse, and other miscellaneous criminal acts streamed live, and all aimed at pumping the prices of new tokens.
- Calls to Action: A growing number of community members are now urging the platform to shut down or more heavily moderate its livestreaming feature going forward.
Bankless take
Pump.fun is facing a pivotal moment. While its open nature appeals to the ethos of the crypto space, its lack of sufficient moderation raises serious concerns about user safety and legal implications. As livestreaming becomes a popular tool for promoting tokens, platforms like Pump.fun will find themselves increasingly at odds with regulators if they can’t strike a balance between free expression and blocking dangerous content.