- Pump.Fun suspended livestreaming in November after dangerous stunts and public outrage.
- The feature is back with stricter content rules and limited user access.
- Platform activity has plunged as memecoin speculation cools off.
Pump.Fun, the Solana-based memecoin launchpad, has revived its livestreaming feature just months after shutting it down in response to a string of on-air stunts that drew widespread backlash.
The platform initially introduced livestreaming to help memecoin creators pitch their tokens and build hype.
But it quickly spiralled out of control.
Users performed degrading acts, threatened to harm pets, and one even faked a suicide attempt in a bid to pump their coin’s value.
On November 25, Pump.Fun pulled the plug amid mounting criticism.
Then, in February, tragedy struck. A trader known as “MistaFuccYou” fatally shot himself during a livestream on X after losing $500 to a rug pull involving a memecoin launched on Pump.Fun.
The platform became the centre of renewed controversy as tokens bearing his name began circulating within minutes, some treating the moment as a meme, others condemning the opportunism.
Now, the livestream feature is back, with new guardrails. Pump.Fun’s freshly published moderation policy bans content involving violence, harassment, sexual exploitation, and illegal activity.
Pump.Fun co-founder Alon Cohen tweeted that the livestreaming feature is being rolled out to 5% of users “with industry standard moderation systems in place and transparent guidelines.”
It’s unclear which subset of users this includes, but the phased approach suggests caution after the chaos of last year. Cohen did not immediately respond to DL News' request for comment.
While livestreaming was only reinstated days ago, recent figures show the platform has been steadily losing steam in 2025.
Daily transactions — which include actions like deploying and minting new tokens on the platform — have dropped by roughly 70% since their January peak, according to Dune data.
Trading volumes tied to Pump.Fun tokens have also cratered, falling around 86% between January and March.
The decline aligns with a broader cooldown in the memecoin sector and wider crypto market, which has seen speculative activity taper off in recent weeks.
Crypto market movers
- Bitcoin has lost 0.8% in value over the last 24 hours and is trading at $82,900.
- Ethereum is down 1.3% in the same period to $1,785.
What we’re reading
- Tornado Cash’s ‘incredible victory’ in sanctions case thrown into doubt, crypto lawyers say — DL News
- Can AAVE 5x again after its 2024 run? — Milk Road
- Trump’s Latest Initiative to Undo Operation Choke Point 2.0 Is on Hold — Unchained
- Ripple case gets bizarre twist as man fined $10m by SEC claims to hold long-lost ‘decisive evidence’ — DL News
Kyle Baird is DL News’ Weekend Editor. Got a tip? Email at kbaird@dlnews.com.
