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Cryptocurrency News Articles
Pump.fun Livestream Feature Becomes a Flashpoint for Criticism as Users Showcase Depravity to the World
Nov 26, 2024 at 02:07 am
Concerns about the platform escalated on Nov. 25 when a user livestreamed a disturbing incident. Beau, a Pudgy Penguins safety project manager, reported on X
Pump.fun, a platform that allows users to pump meme coins, has faced mounting pressure to disable its livestream feature following a series of disturbing incidents.
On Nov. 25, Beau, a Pudgy Penguins safety project manager, highlighted an incident on X (NYSE:TWTR) where a user on Pump.fun threatened suicide if their coin failed to reach a specific market capitalization.
Beau urged the platform to intervene immediately, offering to help disable the livestream and provide support to the individual.
However, Pump.fun has not yet publicly addressed the incident or announced any changes to its livestream feature.
The platform's community has expressed outrage, with some members calling the livestream feature a “pipeline of felonies” and demanding its closure until better safeguards are introduced.
One X user commented, "Turning on a camera to showcase your own depravity to the world isn't noble or novel," emphasizing the need for immediate deactivation of the feature.
The concerns are also reflected in Polymarket predictions, where users are betting on whether Pump.fun will disable its livestream feature by Friday.
The prediction market indicates only a 21% chance the livestream will be shut down by Friday, highlighting skepticism about the platform's ability to act swiftly in addressing these issues.
Alon, the pseudonymous leader of Pump.fun, has defended the platform's moderation efforts while acknowledging the community's concerns.
"We have a large team of moderators working around the clock and an internal team of engineers dealing with increased scale," Alon said.
He stressed that moderation has been a priority since the platform's inception and assured users that harmful content is being addressed.
Despite these assurances, critics argue that Pump.fun's measures are insufficient given the severity of the incidents.
The community continues to demand more transparency and immediate action to prevent harmful broadcasts.
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