Why Is Pump.Fun Receiving Hate and Boycott Threats?

Pump.Fun is a popular Solana memecoin launcher that allows users to create meme-themed cryptocurrency in minutes. With this, it has become one of the fastest growing crypto projects. It launched millions of tokens and generated over $215 million in revenue; This represents its popularity in the market. However, it has been receiving constant criticism from netizens for overcrowding the crypto space with worthless tokens. In parallel, criticism increased due to the inability to control obscene content.

Boycott Threat to Pump.Fun User Due to Disturbing Content

With crypto platform and Solana memecoins Following the rise in popularity, the team introduced the live streaming feature a few months ago. It was to allow users to promote their tokens to a wide audience. But instead, Pump.Fun became the vehicle for disseminating sexually explicit content. It includes threats, violence, animal abuse and even suicide, posting porn and other similar disturbing content.

Such content created the need for urgent action as the 12-year-old livestreamer threatened to kill his family. He claimed that if his token did not reach 60 thousand market value, he would kill them with a shotgun. A UK

They need to close it urgently, this happened yesterday pic.twitter.com/gnsJzfp7Ue

— GB (@MinnettarBruh) 25 November 2024

Regardless, there is no end to such videos and other illegal content being shared via the live streaming feature. Although many still use their tokens for promotional use, exploitation and dangerous actions have disgusted users, causing them to issue boycott threats.

Entertainment needs to shut down live broadcasts immediately.

Instant financial gratification in exchange for obscenity has produced truly disgusting results

I would really recommend PF to turn off the live streaming feature until moderation is activated. Published content… pic.twitter.com/RQhduYMeCG

— Eddie (@DancingEddie_) 22 November 2024

Will It Be Banned in the USA?

Pump.Fun’s problem is not just limited to content, as crypto scams are also on the rise on the platform. before a Genz’s child defrauded people with a rug-pulling scam on the QUANT token in the stream. More importantly, he again created two more tokens and did the same to make a profit. Many similar cases are easily heard about this platform, leading Beau, a security project manager at Pudgy Penguins, to call for the Pump.Fun ban, supported by hundreds of people.

The US government is taking stricter action against crypto scams. Even FBI busts a crypto scam After launching a fake token which shows their seriousness in this matter. With many similar strict actions, the DoJ warned the fraudster that they were coming. Additionally, with Donald Trump winning the US elections, the coming months will see a clear picture of crypto rules and regulations, and its impact will also be seen in crypto fraud bans. For now there are only rumors about Pompa. Fun is forbidden but there is nothing proven.

Moreover, Pump .fun administrator Alon defended the platform in an X post on November 23, claiming that they actively moderate content on the platform and work to restrict abuse by bad actors.

Since the livestreaming meta has fully kicked in, many people have come forward with very legitimate concerns about what content is allowed on the platform

Let me make this very clear: We actively moderate illegal content on the site. this includes…

— lonely (@a1lon9) 22 November 2024

But he also noted that they acknowledged freedom of speech and expression before asking netizens to tag porn content using the “include NSFW” option, as they do on X and Reddit, to block such monies and content. Regardless, Pump.Fun is in big trouble due to increasing crypto scams and explicit content, which could affect its future, especially in terms of legal issues.

Boycott Threat to Pump.Fun User Due to Disturbing Content

Will It Be Banned in the USA?

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