Pump.fun, the memecoin launch platform on Solana, has resumed its livestream feature after a pause caused by inappropriate content. The platform now enforces stricter moderation policies to create a safe and creative environment for its users.
On April 4, co-founder Alon Cohen announced on X that Pump.fun reactivated the livestream function for 5% of users as part of a controlled testing phase. The platform disabled this feature in November 2024 after users misused it to broadcast disturbing content, including violence, harassment, and actions endangering minors. This marks the return of a tool that once helped Pump.fun reach over 69,000 token launches in a single day.
What is Pump.fun?
Pump.fun is a Solana-based memecoin launchpad that lets users create and trade tokens without coding skills. The platform offers a user-friendly experience and supports financial experimentation. Both beginners and experienced token creators use Pump.fun to launch their projects quickly and efficiently.
Pump.fun has become a standout platform for launching meme coins on the Solana blockchain, with several tokens achieving impressive growth. Below are some notable performers:
- Peanut the Squirrel (PNUT): In November 2024, PNUT recorded a massive 258.9% price increase, reaching a market cap of $1.657 billion and daily trading volume of $1.66 billion.
- Act I The AI Prophecy (ACT): ACT reached a market capitalization of $178.9 million, with a trading price of approximately $0.1888.
- Fartcoin (FARTCOIN): With strong meme appeal, FARTCOIN achieved a market cap of $403.4 million and traded at around $0.4013.
- Comedian (BAN): BAN currently holds a market cap of $57.7 million, with a trading price of $0.05759.
Livestream – The Double-Edged Sword That Once Propelled the Platform
During its peak period, the livestream feature drove explosive growth, with more than 69,000 tokens launched per day. From November 17 to 23, 2024, the platform averaged over 50,000 token deployments each day. However, users began exploiting livestreams to display harmful behavior in attempts to manipulate token prices.
Some livestreams showed animal abuse, child endangerment, and even extortion. These serious violations triggered backlash from the community and raised concerns about legal consequences. As a result, Pump.fun removed the feature to prevent further harm.
New Moderation Policy: Cracking Down on Harmful Content
Pump.fun now enforces clear content rules and upgraded moderation tools. The platform bans the following content from livestreams:
- Violence or terrorism
- Harassment or bullying
- Sexual or pornographic material
- Threats against minors
- Illegal activities
- Privacy violations
- Copyright infringement
- Extremist propaganda
The team will immediately shut down livestreams that break these rules. Users who repeatedly violate the policy may face permanent bans. However, experts still question the policy’s effectiveness since users can create new wallets and rejoin the platform.
Platform Aims to Reignite Memecoin Momentum
Pump.fun peaked with over $7 million in daily revenue at the end of 2024. The platform now faces a slowdown, with recent data from Dune Analytics and DefiLlama showing just $885,000 in revenue over the last 24 hours, an 87% drop from its peak.
Despite this decline, Pump.fun still sees an average of 27,000 new token launches each day. The platform expects to reach the milestone of 10 million total token deployments within the next 30 days.
Pump.fun hopes that bringing back livestreams will revive user interest and attract more activity. The team also launched PumpSwap, a decentralized exchange that competes with Solana giants like Raydium.
Platform Allows some NSFW Content under Conditions
Although the new rules tighten control, Pump.fun will still allow certain NSFW (not safe for work) content as long as it does not violate the platform’s core policies. Alon Cohen emphasized the importance of balancing freedom and safety.
“We want to build a creative space where the community can test financial ideas without compromising ethics or safety,” he said.
Conclusion
Pump.fun is rebuilding its reputation after a turbulent phase. The return of livestreaming, supported by stronger content controls, could help reignite memecoin activity on Solana. This time, the platform focuses on growth with accountability.
