Meme Coin Launchpad Pump.fun Records Explosive Growth in November, Despite Livestream Controversy

Meme coin launchpad Pump.fun has seen explosive growth in November, recording its highest monthly revenue ever at $82.78 million.

Meme coin launchpad Pump.fun encountered a record-breaking month in November, with its highest-ever monthly revenue, reaching an impressive $82.78 million. This marks a substantial increase of 207% compared to October's figure of $30.5 million.

The platform experienced a surge in user activity and transaction volume during this period. According to data from Dune Analytics, Pump.fun recorded its highest number of token launches on November 20th, with a record-breaking 69,046 Solana-powered tokens being launched in a single day.

Moreover, the platform processed a total transaction volume of $4.15 billion in the past two weeks.

However, Pump.fun also faced criticism in recent weeks over its livestream feature. Launched in August 2024, the feature was intended to provide a platform for coin developers to engage with their communities in real-time.

Unfortunately, the feature was quickly misused by some developers, who used it to broadcast harmful content, including acts of self-harm and other dangerous behaviors, which sparked online outrage.

This raised concerns over the platform's content moderation practices, leading Pump.fun to ultimately disable the livestream feature.

The platform's team swiftly responded to the backlash by acknowledging user concerns and taking immediate action to ensure a safer environment on the platform. This included removing inappropriate content, flagging NSFW material, and implementing additional moderation measures.

In a post on November 23rd, Pump.fun founder "alon" addressed the issue, revealing that the platform has always maintained a large team of moderators working around the clock. Alon also highlighted the limitations in their current system and urged users to report any harmful content they encounter.

Despite the recent controversy, Pump.fun's financial performance remained strong during this period. As the meme coin market continues to evolve, it will be interesting to see how the platform addresses content moderation challenges while maintaining its impressive growth trajectory.