Pump.fun, a Solana
$228.57
-based platform dedicated to launching tokens, has halted its livestreaming feature indefinitely.
Before the feature’s removal, users could quickly locate tokens with livestream integrations via a dropdown menu on Pump.fun’s homepage, and each token page displayed an embedded video feed.
These functionalities, however, were recently removed. The platform clarified that this decision was driven by public safety concerns.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer videos every week!
Bullish vs Bearish Markets: How to Predict it? (Animated)
The livestreaming feature has caused a lot of controversy in the crypto community. People reported seeing disturbing videos, and as a result, many within the community had called for the feature’s removal in the days leading up to Pump.fun’s announcement.
The Pump.fun team explained:
To ensure the absolute safety of our users, we will be pausing the livestreaming functionality on the site for an indefinite time period until the moderation infrastructure is ready to deal with the heightened levels of activity.
Alon, a pseudonymous co-founder of the platform, spoke about the issue in a post on X. “Although we strongly stand for free speech and expression, it’s our responsibility to ensure that users don’t see clearly repulsive/dangerous content and that bad actors aren’t given a platform to act as they wish”, he wrote.
Pump.fun has always used a moderation team to handle inappropriate content, including videos, live streams, pictures, and comments. But, the recent surge in activity made it clear their tools and processes weren’t enough to handle the problem effectively.
Pump.fun’s paused livestreaming feature shows how things can quickly go out of control without proper moderation. But what happened when a decentralized finance (DeFi) platform’s vulnerabilities led to a complete collapse? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
