Solana meme coin platform Pump.Fun has eliminated its live-stream function after going through backlash over scandalous reside streams. The platform lets anybody create SOL/USD meme-tokens at no cost with out coding expertise, whereas concurrently streaming the method to viewers. Many referred to as for the platform to droop its live-stream function after stories of dangerous and violent habits on streams.
JUST IN: Pump․Fun removes its live-streaming function.
— Watcher.Guru (@WatcherGuru) November 25, 2024
“We acknowledge that recent events on our platform’s live streams have caused concern,” Pump.enjoyable stated in a assertion. “We regret to hear of some of the experiences that users went through and take this opportunity to address them openly and directly.” The platform went on to announce it’s pausing the live-streaming function for an “indefinite time period” till “the moderation infrastructure is ready to deal with the heightened levels of activity.”
The platform nonetheless permits customers to generate and commerce meme cash independently however with out live-stream capabilities. Recently, a number of harmful cases have been captured reside on stream, some involving minors.
Controversies on Pump.Fun Live Stream Service
Beau, a security product supervisor at Pudgy Penguins, reported one incident the place one person allegedly threatened to hold themselves if their token failed to achieve a specified market cap. The state of affairs escalated when Beau revealed that the person shared a recording showing to indicate them finishing up the risk.
Other incidents embrace a person allegedly firing a gun out of a window every time their meme coin’s worth elevated. A baby additionally allegedly threatened hurt to members of the family with a shotgun if a token worth purpose wasn’t met. Some customers even promised NSFW content material, with creators providing more and more provocative materials as funding thresholds are met. All of the controversial moments led to Pump.enjoyable deciding to droop reside streams till it might efficiently average them.
“Moving forward, we will be significantly more transparent about rules and regulations of using the site by publishing guidelines,” the Pump.enjoyable group stated. “We will also provide creators and users greater visibility into individual moderation decisions to ensure everyone understands the process and outcomes.”
The platform’s nameless founder, identified solely as “Alon,” additionally issued a public assertion on X concerning the latest backlash. “Let me make it abundantly clear: we actively moderate illicit content on the site,” Alon stated. “That includes images, videos, live streams, and comments. Although we strongly stand for free speech and expression, it’s our responsibility to ensure that users don’t see clearly repulsive/dangerous content and that bad actors aren’t given a platform to act as they wish.” Alon has but to touch upon the choice to deactivate the live-stream service.
