Jakarta, Pintu News – After being shut down due to extreme and uncontrollable content, memecoin platform Pump.fun’s livestream feature is finally back.
This time, however, the feature was only accessible to 5% of users as part of a limited trial.
With a more sophisticated moderation system and tightened content guidelines, Pump.fun hopes to strike a balance between user creativity and community safety.
This decision comes after the platform faced a storm of criticism for unlawful broadcasts and putting users’ lives at risk.
Pump.fun, a Solana-based memecoin platform, has officially reactivated the livestream feature that was previously suspended in November 2024.
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The shutdown came after several broadcasts featured threats of violence and even an alleged live suicide incident due to disappointment with the token’s performance.
Now, with the new moderation system, Pump.fun only grants livestream access to 5% of users.
Co-founder Alon Cohen revealed that the system features automated moderation tools, an expanded human moderation team, and transparent and strict content guidelines. Severe or repeated violations can lead to permanent account deletion.
Pump.fun’s new guidelines explicitly prohibit violent content, animal abuse, pornography, and things that harm minors. However, they leave room for healthy creative expression, with review of adult or NSFW content on a case-by-case basis.
Pump.fun also reserves the right to assess and take action against content deemed to violate ethics or the law, even if it doesn’t necessarily fall into explicitly forbidden categories.
The goal is to create a social environment that supports meaningful engagement with no room for illegal or harmful content. This strategy is expected to revive the creative ecosystem of the memecoin community.
Extreme cases in the past year, including reports of violent threats and suicides due to tokens failing to reach capitalization targets, shook the crypto community.
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Critics like Beau from Pudgy Penguins highlighted the platform’s lack of responsibility in handling moderation at the time. As a result, Pump.fun received sharp criticism from various corners of the industry.
In response, Pump.fun announced official regrets and corrective measures, including new moderator training, improved AI filters, and emotional support for affected viewers.
Now, they are determined to prove their commitment to community safety without sacrificing the creative space that has been the main attraction of the platform.
Livestream is making a comeback at a time when the prestige of memecoins is starting to fade dramatically. Data from Dune Analytics shows only 0.9% of tokens launched on Pump.fun made it to the big DEX market, down from 1.67% in previous months.
Even new token launches on the Solana network dropped dramatically from 95,578 tokens in January to just 31,651 in early April.
The failure of popular tokens such as LIBRA, MELANIA, and TRUMP that plummeted up to 90% from their peaks saw public confidence in memecoins plummet. Realized losses reached Rp4.2 trillion ($251 million), according to on-chain analysis.
With the pressure on reputation and market performance, Pump.fun clearly has to work harder to become relevant again.
Overall, the return of livestreaming was an important moment for Pump.fun to prove that it can change and grow. In the midst of a declining trend of memecoins and a tarnished reputation, the platform took a bold step with a stricter monitoring system.
Will this be enough to restore the trust of the crypto community? Only time and the creativity of the users can tell.
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