Pumpfun crisis is growing: Live broadcast feature has been terminated

Pumpfun, a meme coin creation platform based on Solana, has temporarily disabled its live streaming feature indefinitely due to the increase in abusive content.

Earlier this year, Pumpfun launched a live streaming feature for users to promote their memecoins. However, some token creators have tried to drive up the price of their tokens by using this feature for purposes such as child abuse, animal cruelty, and suicide threats. As the crisis grew and became the focus of criticism on social media, the platform announced on November 25 that it was ending its live streaming service.

Statement from the Pumpfun team

The team did not delay in making a statement in response to the growing reaction to the live streams on Pumpfun. In their announcement, the team used the following expressions:

To ensure the security of our users, we will indefinitely suspend the live streaming service on the site until a monitoring infrastructure is ready. In the future, we will be much more transparent about site rules and regulations.

This statement from the team has delighted many traders because the platform's performance indirectly affects the Solana ecosystem and the price of SOL. The platform plays a critical role in the relentless rise of SOL. The continuation of the memecoin frenzy increases demand for Pumpfun.

This article does not contain investment advice or recommendation. Every investment and trading operation involves risks, and readers should conduct their own research when making decisions.