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Pump.fun Faces Backlash as Users Misuse Livestreams for Harmful Acts

Author: Content Editor
Pump.fun, a meme coin platform, has garnered attention in the crypto industry for allowing users to create and launch meme coins easily. However, the platform's live-streaming feature has led to controversies and calls for a ban due to inappropriate content and financial scams. Livestreams have been misused to promote self-harm and threats towards pets and individuals if certain market capitalization goals are not met. Community members have called for the shutdown of the platform or disabling the livestream function. Some argue that stricter moderation is necessary, while others claim that moderation efforts have already been in place. Despite the controversies, Pump.fun has been financially successful, accumulating over $215 million in revenue and facilitating the deployment of millions of meme coins since its launch earlier this year.

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