Pump.fun Relaunches Live Streaming After 5-Month Suspension

After five months of suspension, the meme creation platform Pump.fun is gradually reintroducing its live streaming feature. This relaunch is accompanied by new moderation measures and occurs in a challenging context for the memecoin ecosystem.

Pump.fun relaunches live streaming with enhanced moderation rules

Alon Cohen, co-founder of Pump.fun, recently announced the reactivation of live streaming on the meme creation platform based on Solana.

This feature had been abruptly suspended in November 2024 due to a proliferation of extreme and harmful content that had overwhelmed the platform. Five months later, Pump.fun is attempting a more measured approach.

In his announcement posted on X, Cohen specifies that this reintroduction comes with “moderation systems compliant with industry standards” and transparent community rules.

For now, only 5% of users can access this feature, while the team tests the effectiveness of its new safety measures and adjusts its policies.

The new moderation policy aims to find a delicate balance between creativity, freedom of expression, and user safety. It explicitly prohibits violent content, animal abuse, pornography, and anything that could endanger minors.

However, the language used in this policy remains relatively vague regarding the precise definition of “inappropriate content,” leaving significant room for interpretation.

The platform acknowledges that some content deemed NSFW (Not Safe For Work) may still appear and reserves the right to moderate content according to its own criteria.

A challenging context for memecoins and Solana

This relaunch of live streaming occurs in a particularly unfavorable environment for the memecoin ecosystem.

Investor interest in this sector has seen a significant decline, exacerbated by several scandals and highly publicized token withdrawals like LIBRA and MELANIA. The Trump token (TRUMP) has also seen its value drop by over 90% from its peak in January.

Recent data from Dune Analytics reveals a concerning situation for Pump.fun. The graduation rate of tokens on the platform, that is, the percentage of tokens that manage to pass the incubation phase to become fully tradable on a Solana DEX, has fallen below 1%, down from 1.67% at the beginning of the year.

This situation reflects the broader difficulties of Solana. The VanEck report shows that revenues and trading volumes on smart contract platforms have dropped by 36% and 40% respectively. Solana is particularly suffering, with a 66% collapse in revenue related to daily fees.

To address this situation, Pump.fun recently left Raydium to launch PumpSwap, its own DEX. This strategic decision aims to stem the decline in its revenues and limit the carnage of memecoins on its platform.

Thus, the relaunch of live streaming is an attempt at revitalization during a critical period for Pump.fun. Its success will depend on the effectiveness of the new moderation measures and the ecosystem’s ability to win back investors after several months of decline.