2024

MemeCoin

when

<p>Solana’s leading memecoin launchpad, Pump.fun, has come under intense scrutiny after a series of disturbing livestreams featuring violent, racist, and shocking content went viral on social media, prompting the platform to temporarily disable its livestream feature.</p> 
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   <p lang="en" dir="ltr">PumpFun’s live-streams are full of chaos, featuring 12-year-olds, shotguns, threats, and explicit content.<br><br>Users are pulling insane stunts and risky trades, crossing every line.<br><br>It’s the dark, unfiltered side of internet culture.🧵 <a href="https://t.co/qhNS4kRguQ" target="_blank">pic.twitter.com/qhNS4kRguQ</a></p>— The Crypto Times (@CryptoTimes_io) <a href="https://twitter.com/CryptoTimes_io/status/1861342457822167482?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 26, 2024</a>
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<p>Various <a href="https://www.cryptotimes.io/2024/11/25/pump-fun-faces-backlash-over-livestream-misuse/" target="_blank" rel="noreferrer noopener">controversies</a> have emerged in the past two days related to the unethical often grotesque use of the platform by various users as many point out that enforcement authorities are on the lookout to catch the culprit and if the trend continues, it may very well spell doom for the community.</p> 
<p>The <a href="https://pump.fun/board" target="_blank" rel="noreferrer noopener nofollow">platform</a> that is known for driving Solana’s recent blockchain activity, now getting immense criticism after users broadcast extreme content, including threats of violence, suicide, and other harmful acts.&nbsp;<br>For some attention and token gains, some users threaten to shoot their pets or family members for making racist remarks that shook the whole community.</p> 
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   <p lang="en" dir="ltr">I am not against memes, but meme coins are getting "a little" weird now.<br><br>Let's build real applications using blockchain.</p>— CZ 🔶 BNB (@cz_binance) <a href="https://twitter.com/cz_binance/status/1861306581758976434?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 26, 2024</a>
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<h2 class="wp-block-heading" id="pump-fun-live-stream-goes-berserk">Pump.fun live stream goes berserk</h2> 
<p>The story begins when the platform hit a massive $14.3 million in revenue on Saturday which is three times higher than the previous revenue report. However, this financial success fun was spoiled by its impropriate content on its platform.</p> 
<p>Beau, a safety project manager at Pudgy Penguins, warned the users and the platform team about some disturbing instances where users threatened to commit suicide if their token’s market cap did not reach a specific target.&nbsp;</p> 
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   <p lang="en" dir="ltr">Hey <a href="https://twitter.com/pumpdotfun?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@pumpdotfun</a> there is currently someone using your livestreams to threaten to hang themselves if the coin does not reach a set marketcap. <br><br>Absolutely heinous and It needs to come down + see if you can get them help. <br><br>Shut down the livestream feature. This is out of control.</p>— Beau (@beausecurity) <a href="https://twitter.com/beausecurity/status/1860859118124138610?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 25, 2024</a>
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<p>Additionally, Beau also urged the platform team to shut down the livestream feature as is out of control. After this, some more cases came up where users doing some disturbing things for token gains. Other reports included users firing guns out of windows and children threatening violence against family members.</p> 
<p>On all this incident the platform’s pseudonymous founder, Alon, responded to the mounting criticism by acknowledging the concerns and emphasizing the company’s moderation efforts. “We have a large team of moderators working around the clock,” Alon stated, claiming that content moderation has been a priority since the platform’s inception.</p> 
<p>Later on, the Pump.fun team had disabled live streams for an indefinite time period.&nbsp;</p> 
<h2 class="wp-block-heading" id="horrifying-stories-of-pump-fun">Horrifying Stories of Pump.fun</h2> 
<p>A Researcher named Melfoy shared a similar kind of incident where a high school kid about 12 years old yells on live that if the token doesn’t reach a 60K market cap he will kill his entire family with a shotgun.&nbsp;</p> 
<p>A different story features a young couple who, in a shocking act, punches their 3-year-old child in the face every four minutes in exchange for reaching a market cap of $15,000 for their token. The background of the video states that if the market cap reaches $15,000, they will stop these actions.</p> 
<p>These stories are so horrifying that showing that humans are now selling their souls to the devil. From threatening suicide to abusing a baby or having sex with an animal all this is disturbing and inhuman.</p> 
<h2 class="wp-block-heading" id="final-thoughts">Final Thoughts</h2> 
<p>Pump.fun is no longer fun; as it’s turning into a dark web platform. The stories came out as disturbing and inhuman. Moreover, these also hinder crypto adoption and growth. These incidents highlight why Moderation of content is important which will monitor the broadcasts, and control illegal actions.</p>

Is Pump.fun New Darknet? Disturbing Content Goes Live on MemeCoin Platform

Table of Contents

The Crypto Times

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