The Solana-based meme coin platform Pump.fun has restarted its live-streaming feature for a select group of users, five months after pausing the service due to an influx of inappropriate and damaging content.
On April 4, co-founder Alon Cohen announced the return of the feature via X, noting that it will be available to just 5% of users initially. He emphasized the introduction of “industry-standard moderation systems” and detailed content guidelines designed to create a safer environment.
The revised live-streaming policy at Pump.fun aims to foster creativity and engagement while safeguarding users from any illegal or harmful activities.
BREAKING: https://t.co/VS31GZ2FXq has reintroduced livestreaming for 5% of users with new moderation rules in place, including bans on violence, harassment, doxxing, and illegal content. pic.twitter.com/64NuoikJ53
— SolanaFloor (@SolanaFloor) April 4, 2025
Pump.fun Strives for a Balance of Creativity and Safety with New Livestream Policies
Prohibited content categories explicitly include violence, animal abuse, pornography, and anything that puts minors at risk.
However, the policy does not provide an exhaustive definition of acceptable material, recognizing that some not-safe-for-work (NSFW) content may still be present on the platform.
Pump.fun maintains the discretion to make judgments regarding content and take necessary actions, which may include terminating streams or accounts.
This live-streaming feature was initially suspended in November 2023 after users began pushing limits with alarming content intended to promote their meme coins.
Incidents reported included threats of self-harm or violence tied to specific token price targets, prompting a suspension as the platform’s rapid expansion overwhelmed its moderation capabilities.
At the time, industry experts like Mikko Ohtamaa, co-founder of Trading Strategy, warned that without effective moderation, the platform could face severe consequences as mainstream scrutiny increased.
“These streams are causing practical issues where people are breaking the law in live broadcasts,” he said, highlighting the need for urgent action.
Pump.fun Revives Livestreaming Amidslump in Meme Coin Interest
The reintroduction of the livestreaming feature occurs at a time when interest in meme coins is dwindling.
High-profile failures like LIBRA and MELANIA, alongside the stark decline of tokens such as TRUMP—down more than 90% from their January peaks—have dampened enthusiasm within the market.
On-chain analysis has shown that many investors in the LIBRA meme coin faced substantial losses, suggesting a classic pump-and-dump scenario.
According to blockchain analytics firm Nansen, over 86% of traders, totaling 15,430 wallets that recorded gains or losses above $1,000, ended up selling at a loss, culminating in realized losses exceeding $251 million.
Data from Dune Analytics indicates that the graduation rate for tokens on Pump.fun—those reaching a market cap sufficient to be listed on regular decentralized exchanges—fell to under 1% in March, down from 1.67% in previous months.
Concurrently, the number of new token launches on the Solana network has sharply declined, with only 31,651 tokens created on April 5, a stark contrast to the 95,578 launched at the height of January’s meme coin boom, according to Solscan.
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