Yigit Taha OZTURK 
The Solana-based memecoin platform Pump.fun saw a significant drop in its weekly revenue after disabling its livestream feature in response to reports of harmful content being broadcast.
Sharp Decline in Revenue
Pump.fun’s revenue started November on an upward trajectory, peaking during the week of November 18–24. According to DefiLlama data, the platform generated $33.83 million in revenue during that week, marking a 60% increase from the previous week and an almost 400% rise compared to the start of the month.
However, for the week of November 25 to December 1, the platform’s revenue dropped significantly. DefiLlama data shows weekly revenue fell to $11.31 million, reversing its upward trend. This figure represents a 66% decline compared to the previous week.
Livestream Feature Sparks Backlash
The revenue drop followed community calls to disable the livestream feature, as users were reportedly engaging in violent acts to boost their token values.
On November 25, Pudgy Penguins safety manager Beau reported that a user had threatened to commit suicide during a livestream if their token didn’t reach a specific market cap. Beau tagged Pump.fun on X, urging the platform to intervene, disable the stream, and provide support to the individual.
Other social media users shared similar incidents. One reported that a man threatened to shoot a dog during a stream, while another mentioned a streamer making threats about a school shooting.
In response to these incidents, the Pump.fun team disabled the livestream feature. In a community note on November 25, the platform acknowledged that these events had “caused concern” and announced the feature would be paused indefinitely until proper moderation could be implemented.
Legal Concerns Emerge
Yuriy Brisov, a partner at Digital and Analogue Partners, stated that the Pump.fun controversy is “a legitimate reason for a criminal investigation and civil lawsuits.”
Meanwhile, Mikko Ohtamaa, co-founder of trading firm Trading Strategy, predicted that Pump.fun could either be shut down quickly by law enforcement or face eventual closure as regulators take years to fully understand the situation.
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