As a seasoned researcher with years of experience observing the dynamic world of cryptocurrencies and blockchain technology, I find myself deeply troubled by the recent developments at Pump.fun. The platform, which once held promise as a groundbreaking Solana-based meme coin launchpad, now appears to be a breeding ground for harmful and violent content.
The meme coin platform on Solana, Pump.fun, is encountering criticism from the community following accusations that its live stream function showcases harmful and violent behaviors. In recent times, Pump.fun has been recognized as a well-liked platform for Solana users to launch meme coins.
The platform enables users to boost their tokens through community functions like live streams. Yet, due to the emergence of harmful and aggressive content, users are requesting tighter control and even suggesting we discontinue the live stream function altogether.
On the evening of November 25th, as I participated in a live stream on Pump.fun, the Safety Project Manager at Pudgy Penguins, Beau, drew attention to a user who was expressing suicidal thoughts if their coin failed to reach a certain market capitalization. It’s crucial that we all remember the impact our words can have and act with empathy and compassion towards one another in the crypto community.
Consequently, Beau advised Pump.fun to investigate this issue, halt the live broadcast, and offer assistance to the affected person. Similarly, The Pudgy Penguin instructed Pump.fun to deactivate its entire livestream, stating that it was becoming unmanageable.
Hi @pumpdotfun, it has come to our attention that someone is utilizing your live streams to make distressing threats about self-harm tied to the coin’s market cap. This situation requires immediate attention.
Absolutely heinous and It needs to come down + see if you can get them help.
Shut down the livestream feature. This is out of control.
— Beau (@beausecurity) November 25, 2024
Additional concerning accounts involve users apparently issuing violent warnings. A community member brought attention to an individual who supposedly fired a gun from a window whenever the value of their coin rose.
Furthermore, Some users shared concerns about children making threats to hurt their family members if a particular token failed to reach a certain value, while another user warned of an individual who threatened to conduct a school shooting if their meme-based coin did not experience significant growth.
Other users within the community also referred to the live stream function on Pump.fun as a “stream of illegal activities”. One user from X requested that the meme coin launchpad based on Solana disable this feature until effective moderation tools are implemented. They stated, “Broadcasting your own immoral actions for the world to see is not heroic or unique.
Pump.fun Team Takes Corrective Measures
As a researcher reporting on the matter, I can share that in response to the constructive criticism, the anonymous head of Pump.fun, identified as Alon, acknowledged the community’s concerns yet stood firm in defending the platform’s moderation policies. He articulated that our dedicated team at Pump.fun proactively monitors images, videos, livestreams, and comments on our website to maintain a secure and comfortable environment for all users.
With live streaming at its peak, numerous individuals have expressed genuine apprehensions about the type of content permitted on the platform.
let me make it abundantly clear: we actively moderate illicit content on the site. that includes…
— alon (@a1lon9) November 22, 2024
The Pump.fun leader added:
Our operation is backed by a substantial number of moderators who are always on duty, ensuring smooth 24/7 functioning. Meanwhile, we have an in-house engineering team dedicated to addressing the growing volume of digital currencies, live broadcasts, and user comments.
At launch, Pump.fun placed a strong focus on moderation, as Alon highlighted, and they’ve made it clear that they continue to work diligently on eliminating illicit content. However, users within the community have voiced concerns about needing more transparency and prompt actions to prevent potentially harmful broadcasts from occurring.
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2024-11-25 18:19