After months of absence, Pump.enjoyable has reintroduced reside streaming, aiming to revive the characteristic with higher moderation practices.
Alon Cohen, co-founder of the Solana-based memecoin platform, introduced the return on April 4, highlighting new safeguards designed to handle content material extra successfully. Initially, solely 5% of customers can have entry to the revamped characteristic.
Pump.enjoyable paused reside streaming 5 months in the past attributable to a surge of dangerous content material as memecoin creators resorted to excessive techniques to attract consideration to their tokens. The platform, overwhelmed by fast progress and moderation challenges, determined to take a break from reside streaming to develop a extra strong system.
The up to date coverage now bans violent, abusive, or specific content material whereas sustaining some flexibility concerning what’s deemed acceptable. The platform reserves the appropriate to reasonable content material as wanted, aiming to stability creativity with security.
This revival comes amid a downturn within the memecoin market. Notable tokens like Trump (TRUMP) have seen sharp declines, dropping over 90% since January, whereas main tasks reminiscent of Libra (LIBRA) and Melania Meme (MELANIA) confronted backlash after being labeled as rug pulls.
Information from Dune Analytics exhibits a major drop in profitable token launches on Pump.enjoyable, with the commencement fee—the proportion of tokens reaching tradeable market caps—falling beneath 1%. Token launches on Solana have additionally decreased dramatically, reflecting the broader slowdown within the memecoin sector.
With reside streaming again, Pump.enjoyable goals to regain consumer engagement whereas fastidiously navigating the challenges posed by previous controversies and a declining market.
