Pump.fun's Livestream Feature Rises from the Ashes: A Cautious Comeback

Revamped Moderation Tools and a Limited Rollout

Hold onto your hats, crypto fans! Solana's memecoin powerhouse, Pump.fun, has just flipped the switch back on its livestream feature, five months after yanking it due to some seriously messed-up stuff happening live on the platform. Alon Cohen, one of the brains behind Pump.fun, spilled the beans that they've beefed up their moderation game and slapped on some "transparent guidelines." Right now, only 5% of users get to play with it as they test-drive this souped-up system.

Striking a Balance Between Creativity and Safety

Pump.fun's new moderation policy is all about walking the tightrope between letting the creative juices flow and keeping things safe. They're aiming to whip up a social vibe that's all about "preserving creativity and freedom of expression" while keeping the riff-raff out—no illegal, harmful, or just plain nasty interactions allowed. The guidelines are all about free expression but with a zero-tolerance policy for the bad stuff: violence, animal abuse, porn, and anything that puts kids in danger. Mess up big time or keep doing it, and you're out on your ear.

Judgment Calls and NSFW Content

They're also keeping it real by saying they might have to make some tough calls on content. Some NSFW stuff might slip through, but they'll be eyeballing it case by case, using a mix of tech and human eyes to keep things in check.

A Dark Past: The Incidents That Led to the Shutdown

Remember back in November 2024 when things went off the rails? The livestream feature got the axe after a string of incidents that left the community reeling. Users were pulling some seriously twisted stunts, like one dude who allegedly went live to end it all after his token tanked. It was a total nightmare.

The Fallout and Community Outcry

The crypto world lost it. Users, influencers, and safety gurus were all over Pump.fun for dropping the ball on safety. Beau, a safety product manager at Pudgy Penguins, called them out big time on X, saying, "Hey @pumpdotfun there is currently someone using your livestreams to threaten to hang themselves if the coin does not reach a set marketcap. Absolutely heinous and It needs to come down + see if you can get them help. Shut down the livestream feature. This is out of control."

Pump.fun's Response and New Measures

Pump.fun didn't just sit on their hands. They hit back with a community message, owning up to the mess, saying sorry, and laying out their plan to plug the holes in their moderation. They doubled down on human moderators, cranked up the smart filters, and even threw in some support resources for folks shaken up by the livestreams.

A Cautious Relaunch and Community Optimism

Now, with this careful relaunch and new safety nets in place, Pump.fun's all about rebuilding trust and giving creators a safe space to vibe with their audience. The community's buzzing with optimism, with one user saying, "happy to see this back and strong rollout based on learnings. looking forward to see round 2!"

Struggling to Regain Momentum

But it's not all sunshine and rainbows. Pump.fun's been struggling to get its mojo back after a nosedive in revenue and user engagement. Their daily fees hit a four-month low, down a whopping 94% since January. A lot of it's tied to the memecoin craze fizzling out since the start of the year.