Quant

Token

2024

<p>Pump.fun is in the spotlight lately, but for all the wrong reasons. Its livestream feature, introduced as a way for creators to promote their tokens in an engaging and interactive manner, has turned into a source of major controversy. What was meant to foster creativity has instead been exploited for extreme actions and inappropriate content that has sparked widespread criticism.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="526" src="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-36-1024x526.png" alt="Pump.Fun
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  The LiveStream Feature on Pump.Fun | <strong><a href="https://pump.fun/board">Source: Pump.Fun</a></strong>
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<p>There have been some truly shocking incidents linked to the misuse of this feature. Live threats of violence, acts of self-harm, and even cases involving vulgar content and animal abuse have surfaced, all in a bid to boost token prices. These incidents have raised serious questions within the crypto community about Pump.fun’s ability to moderate and manage its platform responsibly.</p> 
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   <p lang="en" dir="ltr">I'm seeing some top signals today <a href="https://t.co/l1KQ8aNF2x">pic.twitter.com/l1KQ8aNF2x</a></p>— JayXBT (@jayxbt2012) <a href="https://twitter.com/jayxbt2012/status/1860679279605928012?ref_src=twsrc%5Etfw">November 24, 2024</a>
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<p>With criticism mounting, Pump.fun finds itself in a difficult position. The platform is now under pressure to overhaul its moderation system and introduce clearer guidelines to take meaningful steps that create a safer space for its users.</p> 
<h2 class="wp-block-heading" id="h-getting-to-know-pump-fun-and-its-features"><strong>Getting to Know Pump.fun and Its Features</strong></h2> 
<p>Before diving deeper, let’s take a closer look at Pump.fun and what it offers. Pump.fun is a blockchain-based platform built on Solana, designed to make it easy for anyone to create their own memecoins. With its “fair launch” concept, users can launch tokens without the need for presales, team allocations, or advanced technical skills. </p> 
<p><strong>Here’s how it works:</strong></p> 
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 <img loading="lazy" decoding="async" width="737" height="664" src="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-37.png" alt="Pump.Fun
" class="wp-image-39159" style="width: 100%;height:auto" srcset="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-37.png 737w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-37-300x270.png 300w" sizes="(max-width: 737px) 100vw, 737px">
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  How Pump.Fun Works | <strong><a href="Source: Pump.Fun">Source : Pump.Fun</a></strong>
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<p>This straightforward process has made Pump.fun a top choice, with over 3.8 million tokens launched on the platform to date. Many believe that Pump.fun contributes to an oversaturated market filled with low-value tokens, and the platform has also faced challenges with content moderation.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="374" src="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-38-1024x374.png" alt="Pump.Fun
" class="wp-image-39160" srcset="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-38-1024x374.png 1024w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-38-300x110.png 300w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-38-768x281.png 768w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-38-1536x561.png 1536w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-38.png 1869w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Token on Pump.Fun | <a href="Source: Pump.Fun"><strong>Source: Pump.Fun</strong></a>
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<p>Despite these issues, Pump.fun remains a favorite among creators thanks to its flexibility and ease of use. To maintain its credibility, the platform will need to continue innovating and addressing these concerns to retain the trust of the crypto community.</p> 
<h2 class="wp-block-heading" id="h-the-dark-side-of-pump-fun-s-livestream-feature"><strong>The Dark Side of Pump.fun’s Livestream Feature</strong></h2> 
<p>Pump.fun’s livestream feature was initially introduced to help creators connect directly with their audience and promote their tokens. However, it quickly became a focal point of controversy due to widespread misuse. Instead of fostering creativity and engagement, the feature has been exploited for inappropriate and harmful content, drawing sharp criticism from the crypto community.</p> 
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   <p lang="en" dir="ltr">Pumpfun needs to shut down. These are literally crazy people, willing to do any crazy shit, like school shooting, torturing, exposing body…<br><br>People doing anything for money is really sick.<a href="https://twitter.com/hashtag/pumpfun?src=hash&amp;ref_src=twsrc%5Etfw">#pumpfun</a> <a href="https://twitter.com/hashtag/rug?src=hash&amp;ref_src=twsrc%5Etfw">#rug</a> <a href="https://t.co/5qSL41zKFY">pic.twitter.com/5qSL41zKFY</a></p>— Özge Erdemir (@ozgeerdemirx) <a href="https://twitter.com/ozgeerdemirx/status/1861071124685111804?ref_src=twsrc%5Etfw">November 25, 2024</a>
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<p>Some of the most shocking incidents include livestreams involving threats of violence and self-harm. One creator threatened to harm themselves if their token didn’t reach a specific market cap. </p> 
<p>In addition to these cases, there have been other disturbing examples of content misusing the livestream feature:</p> 
<ol class="wp-block-list"> 
 <li><strong>Burning the Israeli Flag</strong> – A livestream featured a user provocatively burning a flag.</li> 
</ol> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Guy streams himself burning Israel's flag and doing the nazi salute<br><br>*pump fun takes down streaming feature* <a href="https://t.co/o1A5csUab9">pic.twitter.com/o1A5csUab9</a></p>— ً (@SilvXBT) <a href="https://twitter.com/SilvXBT/status/1861168546031485298?ref_src=twsrc%5Etfw">November 25, 2024</a>
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<p> 2. <strong>Fish Killer</strong> – Another user threatened to kill their fish if the token didn’t reach a certain market cap</p> 
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   <p lang="da" dir="ltr">7. FISH KIL*ER <a href="https://t.co/CTJMFTnfeb">pic.twitter.com/CTJMFTnfeb</a></p>— GE (@GuarEmperor) <a href="https://twitter.com/GuarEmperor/status/1861046708471476569?ref_src=twsrc%5Etfw">November 25, 2024</a>
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<p> 3. <strong>Gun Use</strong> – A creator fired a gun out of their window every time their token price increased.</p> 
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   <p lang="en" dir="ltr">This PumpFun dev was shooting out of his window every time his coin pumped <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f602.png" alt="😂" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/CHB9XVdv24">pic.twitter.com/CHB9XVdv24</a></p>— Gordon (@AltcoinGordon) <a href="https://twitter.com/AltcoinGordon/status/1860627600097366129?ref_src=twsrc%5Etfw">November 24, 2024</a>
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<p> 4. <strong>PumpFans</strong> – This livestream featured explicit content to lure viewers into buying tokens. </p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> PUMPFUN LIVE STREAMING FEATURE HAS BEEN DISABLED<br><br>In recent days, troubling events on the platform <a href="https://t.co/E7kdtQDM96">https://t.co/E7kdtQDM96</a> have raised serious concerns about the ethical and moral state of some in the crypto community.<br><br>Thousands of users log into Pump fun daily, hoping to… <a href="https://t.co/E8y669ljTU">pic.twitter.com/E8y669ljTU</a></p>— Evan Luthra (@EvanLuthra) <a href="https://twitter.com/EvanLuthra/status/1861132756404851013?ref_src=twsrc%5Etfw">November 25, 2024</a>
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<p>These incidents have not only damaged Pump.fun’s reputation but also sparked debates about the responsibilities of decentralized platforms. </p> 
<p><strong>Related</strong> <a href="https://crypto.news/pump-fun-livestream-leaves-the-community-stunned/">12-year-olds, shotguns, and threats: Pump.fun’s livestream misuse leaves the community stunned</a></p> 
<h2 class="wp-block-heading" id="h-pump-fun-s-rise-and-the-quant-token-scandal"><strong>Pump.fun’s Rise and the Quant Token Scandal</strong></h2> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">NEW: A kid created <a href="https://twitter.com/search?q=%24Quant&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Quant</a> meme coin on live stream, then dumped all 51M tokens for 128 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> ($30K), making a $29.6K profit. <br><br>The 51M tokens are now worth above $4M.<a href="https://t.co/GWAu31kBJt">pic.twitter.com/GWAu31kBJt</a></p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1859149844721660383?ref_src=twsrc%5Etfw">November 20, 2024</a>
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<p>Pump.fun gained significant attention not only for its innovative features but also due to the controversial <strong>Quant</strong> token incident. A Gen Z creator used the livestream feature to attract investors, only to rug pull and pocket tens of thousands of dollars, leaving buyers at a loss.</p> 
<p>Shockingly, the same creator repeated the scheme with two more tokens, exposing Pump.fun’s vulnerability to misuse. The scandal harmed investors and tarnished the platform’s reputation, raising questions about its ability to prevent unethical behavior.</p> 
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   <p lang="en" dir="ltr">A kid created a coin <a href="https://twitter.com/search?q=%24Quant&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Quant</a> while live-streaming and sold all of it for 128 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($30K), making a profit of $29.6K!<br><br>The 51M <a href="https://twitter.com/search?q=%24Quant&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Quant</a> he sold is now worth $4M!<br><br>He then created <a href="https://twitter.com/search?q=%24lucy&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$lucy</a> and <a href="https://twitter.com/search?q=%24sorry&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$sorry</a>, selling all of them for another profit of 103 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($24K)!<br><br>Address:… <a href="https://t.co/TYbS6psUYp">pic.twitter.com/TYbS6psUYp</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1859144909841985912?ref_src=twsrc%5Etfw">November 20, 2024</a>
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<p>Despite the backlash, the incident brought more attention to Pump.fun. While some saw it as a cautionary tale, others were drawn to the platform’s potential for quick profits, creating both challenges and opportunities for its future.</p> 
<p><strong>You can also read this</strong> <a href="https://pexx.com/chaindebrief/bitcoin-fails-to-break-100k-as-the-market-sees-492-96-million-in-liquidations/"></a><a href="https://pexx.com/chaindebrief/gary-gensler-announces-resignation-as-sec-chair/">Gary Gensler Announces Resignation as SEC Chair</a></p> 
<h2 class="wp-block-heading" id="strong-pump-fun-s-response-to-the-controversy-strong"><strong>Pump.fun’s Response to the Controversy</strong></h2> 
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 <img loading="lazy" decoding="async" width="835" height="726" src="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-40.png" alt="Pump.Fun
" class="wp-image-39164" style="width: 100%;height:auto" srcset="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-40.png 835w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-40-300x261.png 300w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-40-768x668.png 768w" sizes="(max-width: 835px) 100vw, 835px">
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  Community Notice from Pump.Fun | <strong><a href="https://pump.fun/docs/moderation-message">Source: Pump.Fun</a></strong>
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<p>In response to the backlash, Pump.fun has now officially shut down its livestream feature. The team stated that this decision was made to address safety concerns and give them time to improve their moderation systems.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">A Community Notice regarding recent events: <a href="https://t.co/pZbs2RVekr">https://t.co/pZbs2RVekr</a></p>— pump.fun (@pumpdotfun) <a href="https://twitter.com/pumpdotfun/status/1861138234580869128?ref_src=twsrc%5Etfw">November 25, 2024</a>
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<p>While some see this as a step in the right direction, others believe it might be too late to repair the damage. Pump.fun is now under significant pressure to prove that it can create a safer environment and regain the trust of the crypto community.</p> 
<p><strong>You can also read this</strong> <a href="https://pexx.com/chaindebrief/bitcoin-fails-to-break-100k-as-the-market-sees-492-96-million-in-liquidations/">Bitcoin Fails to Break $100K as the Market Sees $492.96 Million in Liquidations</a></p> 
<p><em>[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]</em></p>

Pump.fun Disables Live Streaming Feature Due to Vulgar and Harmful Content

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