Pump.fun Brings Back Livestreams for 5% of Users with Rules

Pump.Fun Livestream Return Amid Falling Token Launch and Market

Solana-based memecoin platform Pump.fun has started rolling out its livestreaming feature once again—this time with upgraded safety systems. The feature is currently available to only 5% of users as a trial run, following its suspension five months ago due to the spread of harmful and extreme content.

Why Livestreaming Was Removed

Back in November, Pump.fun disabled livestreaming after several users posted violent or disturbing content in a bid to gain attention for their memecoins. Some even threatened to hurt themselves if their token didn’t reach a certain price. The platform said it couldn’t handle the growing number of dangerous streams, and paused the feature to improve its moderation systems.

What’s New in the Return

Co-founder Alon Cohen announced the feature’s return on April 4, saying the platform now uses "industry-standard moderation systems" and has clear rules in place. The platform’s goal is to support creativity and free expression, but within safe boundaries.

The updated livestream policy bans content involving violence, animal abuse, pornography, or anything harmful to minors. However, it admits that some NSFW (Not Safe For Work) content will likely appear. The platform reserves the right to decide what is appropriate and can ban users who break the rules.

“Our goal is to create a social space that encourages engagement while staying free of illegal or harmful content,” the platform stated.

Memecoin Market caught up with Major Downturn

The livestreaming of Pump.fun is reintroduced during the phase where memecoin ecosystem is facing challenges. The buzz around memecoins is reduced after a pattern of high-profile scams happened, for example, Libra (LIBRA) and Melania Meme (MELANIA). In such cases developers leave the projects and investors do not have anything, just useless tokens. 

Prices of many tokens have crashed. For example, the TRUMP token has dropped over 90% since its January peak, according to data from CoinGecko.

The platform itself has seen a big dip in token success. Data from Dune Analytics shows that in March, less than 1% of tokens launched on the website reached a high enough market cap to be listed on regular decentralized exchanges. This is down from 1.67% in earlier months.

The number of new tokens being launched has also dropped. In January, around 5,400 tokens were “graduating” each week on Pump.fun. By March, that number had fallen to under 1,500.

Across the entire Solana network, new token launches have slowed dramatically. On April 5, only 31,651 tokens were launched—less than one-third of the 95,578 tokens launched during the peak on January 26.

Looking Ahead

Experts like Mikko Ohtamaa had previously warned that without proper moderation, Pump.fun’s livestreams could lead to legal trouble. He said, “These streams are causing real issues. If the mainstream media notices, it could be shut down.”

Pump.fun is now trying to walk a fine line—reviving user engagement through livestreams, while avoiding the chaos that led to its earlier shutdown. Whether this new system works or not remains to be seen.