Pump.fun has slammed the brakes on its live streaming feature after a flood of horrific incidents turned the platform into a nightmare.
Once hailed as an innovative tool for crypto creators to hype their meme coins, the livestream function quickly spiraled into chaos, with users exploiting it for violence, threats, and outright insanity.
Crypto chaos unleashed
Users desperate to inflate their coin values broadcasted shocking content that left the crypto community—and the internet at large—reeling.
The company admitted its systems were overwhelmed. In a public notice, it said, “We’ve seen unprecedented growth, with daily livestreams increasing over 100 times in under a week.”
Pump.fun claimed it was taking down “hundreds of streams daily” and had doubled its team of human moderators. But it wasn’t enough. The platform announced it would pause live streaming indefinitely until it could “ensure the absolute safety” of its users.
As Cryptopolitan reported before, the meltdown began with a viral post on X by Beau Security. They shared a chilling example of a Pump.fun livestream where a user threatened to hang themselves unless their coin hit a specific market cap.
The user’s desperation to pump their token sparked outrage online, with Beau Security calling out the platform directly: “Shut down the livestream feature. This is out of control.”
That post cracked open Pandora’s box. Crypto sleuth ZachXBT joined the conversation, pointing out how careless some token creators are, saying, “It’s wild how the people creating these coins barely take any measures to mask their identity.” Screenshots and videos from Pump.fun streams began flooding social media, each more disturbing than the last.
Gamification went horribly wrong
The livestream feature wasn’t always a cesspool. Pump.fun launched it in May, pitching it as a revolutionary way for creators to connect with audiences. Token creators could go live, promote their projects, and engage directly with investors.
The gamification aspect made it exciting. Participation came with rewards, and creators could create urgency around new token launches.
At first, it worked. Streams became hubs for token launches, and meme coin creators flocked to the platform. But the same gamified features that made the streams popular also made them easy to exploit. Bad actors used sensational content to grab attention, boost their tokens, and manipulate prices.
It became a goldmine for pump-and-dump schemes. Streamers hyped their coins with shocking, often illegal acts. Once the market cap rose, they’d cash out, leaving investors to deal with the inevitable crash. The lack of proper moderation turned what could’ve been a great idea into a disaster.
Pump.fun’s attempts to moderate were laughable. Livestreams went unchecked until someone reported them, and even then, action was slow. Automated systems couldn’t keep up, and human moderators were overwhelmed by the sheer volume of streams.
But now, the platform claims: “Moving forward, we will be significantly more transparent about rules and regulations of using the site by publishing guidelines. We will also provide creators and users greater visibility into individual moderation decisions to ensure everyone understands the process and outcomes.”
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