Solana

Momentum

<ul class="wp-block-list">
 <li>There was a sharp decline in platform revenue from November 25th to December 1st.</li>
 <li>The company’s sales for the week came to $11.31 million, reversing its increasing trend.</li>
</ul>
After disabling its livestream option in reaction to concerns of hazardous material being broadcast, the launchpad for Solana meme coins <a href="https://thenewscrypto.com/pump-fun-livestream-sparks-controversy-over-abuse-and-fraud-issues/" target="_blank" rel="noopener noreferrer nofollow">Pump.fun</a> saw a decline in its weekly income. The <a href="https://thenewscrypto.com/solana-shows-recovery-signs-as-price-tightens-hold-above-240/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> memecoin generator had a rise in income at the beginning of November, which peaked in the fourth week.
The memecoin launchpad made $33.83 million during the week of November 18th–24th, according to DefiLlama statistics. A 60% rise from last week and over 400% from the beginning of the month, this is quite an increase.
But there was a sharp decline in platform revenue from November 25th to December 1st. According to DefiLlama’s numbers, the company’s sales for the week came to $11.31 million, reversing its increasing trend. When compared to the previous week, the statistic shows a 66% decline.
<h3 class="wp-block-heading" id="h-forced-to-disable-feature">Forced to Disable Feature</h3>
Some users began to engage in harmful activities in an effort to pump their new tokens, which led to a decline in income. As a result, community members demanded that the company stop its livestream feature.
A user on the livestream threatened to take their own life if their coin didn’t achieve a certain market cap, according to Beau, the <a href="https://thenewscrypto.com/pudgy-penguins-and-mythical-games-unveil-highly-anticipated-name-of-upcoming-aaa-mobile-game/" target="_blank" rel="noopener noreferrer nofollow">Pudgy Penguins</a> safety project manager, who made the complaint on November 25. The expert in safety marked Pump.fun on X, pleading with the platform to step in, stop the broadcast, and help the streamer.
Similar incidents with people purportedly threatening viewers to do violent actions were reported by other social media users. Some X users have reported incidents of man-threatening-a-dog and streamer-threatening-a-school, respectively. Due to an upsurge in violent content, the livestream capability was disabled by the Pump.fun team.&nbsp;
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/nft-sales-surge-57-8-in-november-amid-positive-market-momentum/" target="_blank" rel="noopener noreferrer nofollow">NFT Sales Surge 57.8% in November Amid Positive Market Momentum</a>

Pump.fun Revenue Plummets After Livestream Feature Suspension

Table of Contents

TheNewsCrypto

Other articles published on Dec 1, 2024

Zesh Partners with Bitgert to Drive Scalable Blockchain Solutions

You Missed Mog Coin's Wealth Train, But This New Meme Coin Presale Is Your Next Big Shot!

Forget Dogecoin And XRP, Here Are 3 Of The Best Altcoins To Buy For The Bull Run

Calgary police issue warrant for suspect linked to house fire and crypto threats

Top 5 Altcoins to Buy in December 2024 – Last Chance

Here are the Top 10 Most Bullish Cryptocurrencies by Crowd Sentiment

Join our free newsletter for daily crypto updates!