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Pump.Fun Revenue Drops 33% Amid Live-streaming Controversy

Author: Content Editor
Pump.Fun, a memecoin platform based on the Solana network, experienced a significant drop in revenue after shutting down its controversial live-streaming feature. The decision came after a user staged a fake suicide during a live broadcast to promote their memecoin, leading to negative backlash. Pump.Fun's daily revenue decreased from $5 million to $3.6 million following the incident. The platform's live streams were known for viral stunts and excessive celebrations but faced criticism for crossing ethical boundaries. Despite generating $230 million in revenue overall, Pump.Fun's unregulated chaos may have disadvantaged it as competitors on rival platforms like Base are looking to attract disillusioned users. This incident highlights the concerns surrounding unregulated memecoin markets, which often lack safeguards against harmful practices and content.

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