Pump.fun Shuts Down Bonkers Live Streaming Service

For a moment it felt like Pump.fun was channeling the internet’s identity. Anyone can create a meme coin and host a livestream to announce it. Now, Pump.fun has shut down the live stream because it couldn’t keep up with the moderation.

“To ensure the absolute safety of our users, we will be pausing the live streaming function on the site indefinitely until the moderation infrastructure is ready to cope with increased activity levels,” Pump.fun said. Description on their website.

The star of Pump.fun’s livestream meta, Trevv, who currently runs a coin pump named after a racial slur and broadcasts in blackface in public, lamented the change In a post on X. “No,” she shouted into the camera from the seat of a Nutella-covered car. “Pump.fun, why did you close it! What did I do! Pump.fun! I’ll have to take a minimum wage job again! No! Please reopen your lives please!”

Pump.fun was very easy. A user can create an account in a few clicks and create a Solana-backed coin with a short name, tick, and description. They can then start broadcasting and do whatever they want to attract attention and increase the price of their money.

site faced increasing criticism has hosted livestreams from both inside and outside the crypto community in recent weeks. “This week on Pump. Entertainment: Man acting like a dog, man sitting on the toilet and refusing to move until the coin reaches 25 million, man threatening to shoot his dog if the coin does not reach 1 million, man threatening to hang himself if the coin does not reach 1 million. An NFT account said it reached 1 million, the young couple punched their 3-year-old child every 4 minutes until the coin reached a certain market value, and the 12-year-old threatened to shoot his entire family with a shotgun if the coin did not reach a certain market value. In a post on X.

This week in pump entertainment:

– Man acting like a dog
– Man sitting on the toilet and refusing to move until the coin reaches 25 million.
– The man threatened to shoot his dog if the coin did not reach 1 million.
– Man who threatens to hang himself if the coin doesn’t reach 1 million.
– Youth…

— TMA (@Tma_420) 25 November 2024

“This is the situation with the ditches. Sooner or later something bad will happen and we will face a lot of negative attention,” the post said. “We are going backwards, not forwards. @pumpdotfun needs to stop these live streams.”

This is a list of bad things that have already happened. Pump.fun’s live streams confirmed everyone’s worst fears about crypto. It was a way for people to create value from their own pain in an attention-driven economy.

Pump.fun’s live streams went down on Monday afternoon, and they issued a statement regarding moderation later the same day. “We acknowledge that recent events on our platform’s live streams have caused concern,” it began. “From the beginning, we have taken a firm stance on policing inappropriate activity. This includes proactively removing coin images, names, descriptions, comments, tagging any NSFW content, shutting down live streams, and recently removing videos. “Our commitment to maintaining a safe and respectful environment remains unwavering.”

Earlier this week Pump.fun was not a safe and respectful environment. This was the website where one developer faked his own execution and another shot a gun from his window every time the price of his money rose.

This PumpFun developer was jumping out of his window every time his money was pumped pic.twitter.com/CHB9XVdv24

— Gordon (@AltcoinGordon) 24 November 2024

Pump.fun said its platform grew so fast it couldn’t keep up with moderation. He said he was taking down hundreds of posts every day and doubling the number of human moderators on his team. “As the most popular crypto app with user-generated content, we are tackling the challenges many other social platforms face in their growth phases and are taking similar steps to solve core problems,” he said.

He also promised full transparency on what is and isn’t allowed. “We will also give creators and users greater visibility into individual moderation decisions to ensure everyone understands the process and results,” he said. “We’re here to grow with our community and ensure this platform gets stronger and better with every challenge we face.”

Pump.fun is a losing proposition without the live streaming component. The reason the site has exploded in recent weeks is because of the crazy things people do on camera. Pump.fun did not say when the live-streaming service would return and did not respond to Gizmodo’s request for comment.