Pump.fun Faces Outcry Over Harmful Livestream Content and Calls for Regulation

The decentralized meme coin platform is under fire for hosting violent and dangerous livestreams, prompting demands for stricter moderation and transparency.

Pump.fun, a Solana-based platform for creating meme coins, is criticized for allowing harmful and violent behavior on its livestream feature.
Reports include users threatening self-harm, harming others, and engaging in disturbing stunts to boost their coin values.
The platform's founder, Alon, claims moderation is a priority, but critics argue the safeguards are inadequate for preventing extreme incidents.
Polymarket prediction data suggests skepticism about Pump.fun disabling its livestream feature, with only a 21% chance of action by the end of the week.
Mental health experts and crypto commentators highlight the psychological risks of unregulated platforms and call for immediate intervention.