Pump.fun Resumes Livestreaming for 5% of Users with Enhanced Moderation Policies

TLDR

• Pump.fun has restored livestreaming to 5% of users after a five-month suspension
• New moderation policy prohibits harmful content including violence and sexual content
• Platform acknowledges that “NSFW” content may still appear despite restrictions
• Suspension followed incidents of extreme content including threats of self-harm
• Memecoin market has declined with graduation rates under 1% and fewer token launches

The Solana-based memecoin launchpad Pump.fun has cautiously reintroduced its livestreaming feature to a limited number of users, implementing stricter moderation policies following a suspension due to harmful content.

Co-founder Alon Cohen announced on April 4 that the feature would return with “industry standard moderation systems in place and transparent guidelines.” The rollout is currently limited to just 5% of the platform’s user base.

pump fun livestreaming has been rolled out to 5% of users with industry standard moderation systems in place and transparent guidelines: https://t.co/26r5M4Awam

— alon (@a1lon9) April 4, 2025

The platform suspended livestreaming in November 2024 after users employed shocking tactics to promote tokens. Some creators reportedly threatened violence or self-harm if tokens didn’t reach certain price goals.

New Moderation Approach

The reinstated feature comes with a revised moderation policy aimed at “cultivating a social environment on pump fun that preserves creativity and freedom of expression” while eliminating illegal and harmful content.

Violations that can result in account termination include violence, animal abuse, pornography, and youth endangerment. However, the platform maintains some flexibility in its approach to content moderation.

Pump.fun’s policy creates a degree of ambiguity by stating it “does not intend to universally define what content is ‘appropriate’ or ‘inappropriate.'” The platform acknowledges that “perhaps much content” generally defined as “not safe for work” (NSFW) will appear.

The company reserves the right to “unilaterally determine the appropriateness of content where necessary and to moderate it accordingly.” This approach allows Pump.fun to enforce its policies at its discretion.

Mikko Ohtamaa, co-founder of algorithmic trading firm Trading Strategy, had previously warned that without proper moderation, Pump.fun would face shutdown once mainstream media became aware of the content being streamed.

Declining Memecoin Market

The return of livestreaming comes during a downtrend in the memecoin market. High-profile rug pulls like Libra (LIBRA) and Melania Meme (MELANIA) have damaged investor confidence.

Even established tokens like Trump (TRUMP) have suffered, with data from CoinGecko showing it has lost over 90% of its value since January highs.

The “graduation rate” for tokens launched on Pump.fun has fallen below 1%, according to Dune Analytics. This rate measures the percentage of tokens that achieve a large enough market cap to become tradable on regular decentralized exchanges.

This decrease coincides with a sharp drop in new token launches. Weekly token graduations have fallen from around 5,400 in January to under 1,500 in March.

The broader Solana network has experienced a similar decline in memecoin activity. Solscan data shows only 31,651 tokens launched on April 5, less than one-third of the 95,578 created at the peak of the memecoin frenzy on January 26.

Pump.fun’s cautious reintroduction of livestreaming represents an attempt to balance user freedom with safety concerns in a market that has cooled from its earlier frenzy.