The founder of Pump.fun, Alon Cohen, announced the platform will bring back its live streaming feature. This time, the streams will be limited to 5% of power users, and will be moderated. Streams with flagged content can lead to account termination and the inability to use the platform, according to an X post by Cohen. pump fun livestreaming has been rolled out to 5% of users with industry standard moderation systems in place and transparent guidelines: https://t.co/26r5M4Awam — alon (@a1lon9) April 4, 2025 Previously, Pump.fun left content to be unmoderated, leading to violent content, self-harm, and animal abuse. This led to excesses and a temporary ban on live streaming since November 2024. After the renewal, Pump.fun stated its new mission to ‘ cultivate a social environment on pump fun that preserves creativity and freedom of expression and encourages meaningful engagement amongst users, free of illegal, harmful, and negative interactions. ’ Pump.fun will now monitor all content, and may allow some crassness and unsafe images. However, some of the live streaming excesses may lead to permanent bans. Following the loss of live streaming, Pump.fun had to rely on a series of new trends to recover its volumes. The platform went through several trends, including TikTok-inspired memes, celebrity tokens, and the latest trend, Ghiblification. Currently, the new policy will discontinue streams for multiple hard boundaries, including violence, harassment, explicit content, child abuse, doxing, copyright violations, and incitement of violence. In the past, meme tokens have used intellectual property belonging to artists, as in the case of the ChillGuy token. The live streaming feature was key to creating FOMO on the platform, with tokens pumping during streams. The feature was popular despite some of the streams ending in dramatic rug pulls. It seems that, despite the moderation, live streaming is not immune to rug pulls. The first new live stream after the removal of the ban ended up in a rug pull just minutes after launch, as the developer sold their entire wallet. The new limited live streaming has the potential to bring back chaos to the market, despite the moderation. Some of the feature’s critics believe it was the violent and chaotic live streaming, which led to an outflow of users from Pump.fun. Token creators return to Pump.fun The 5% quota for live streaming may be just enough for Pump.fun token devs. Currently, just 4,076 accounts daily generate most of the new tokens. Creators returned in the past few weeks, up from only 1,000 wallets minting new tokens. The platform otherwise carries over 146K daily active wallets, with token launches recovering to over 30K. As a result, Pump.fun is recovering a baseline level of daily fees between $1M and $2M. The platform is also getting its first inflows from PumpSwap, its native decentralized exchange. PumpSwap absorbs the newly launched tokens, already locking over $35M in its liquidity pools. The DEX still has to catch up with its main rival Raydium, which locks in $1.1B. Other Solana competitors, like Meteora, lock in over $800M in their liquidity pools. PumpSwap achieves over $227M in daily volumes. If the new DEX keeps up that pace, it can produce over $403M in annualized fees, and over $34M in pure revenues. The recovery of Pump.fun may boost the Solana ecosystem as a whole. DEX trading for meme tokens is one of the key activities on the Solana chain. As a result, top apps like JitoSOL and Jupiter also achieve regular fee inflows. Despite the temporary slowdowns, Solana produced $370M in fees for Q1, partially driven by meme activity and DEX swaps on Raydium and Meteora. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
