Pump.fun is no longer fun as people have now hijacked it’s livestream to promote their memecoin with all sort of harmful things—we’re talking about drugs, porn, suicide, murder, and even someone trying to “fist” themselves with pineapple. People are now calling for the platform to shut down the feature completely before it ruins the entire crypto market.

These alarming incidents were first exposed by someone on X/Twitter known as BeauSecurity. In the post, the account mentioned that they just saw someone threaten to hang themselves if the coin does not reach a set marketcap.

And that was when the curtain fell off to reveal a whole bunch of other crazy things going on with no sign of moderation from the Pump.fun team. Pump.fun launched the livestream feature back in July and the main goal was to help devs promote their memecoins—you know, to make devs and communities more closer and boost mass adoption. 

But what we’re seeing is far from the adoption we’re expecting. Other than the example pointed out by BeauSecurity, other pretty crazy livestreams include a “dev” eating his own sh@t with plans to do more crazy stuff as their coin’s marketcap increases—dude even wants to “fist” himself with a pineapple if the memecoin reaches $25m cap.

There’s another where a highschool kid threatened to kill his entire family if the coin doesn’t get to $60k market cap.

A whole lot more have been reported within the last few hours since BeauSecurity’s post.

Several calls have been made by people in the crypto community for Pump.fun to shut down the livestream feature. For example, a legal intern known as Eddie had this to say:

There is an art to shock value on stream. Simply sharing nudity or other shocking and even horrific content is not innately interesting. People seek stories and novel concepts that engage them. The content shared on pump livestreams at the moment are not only uninteresting, but conceptually lazy.

Alon, the anonymous creator of Pump.fun replied to Eddie’s post, mentioning that all Pump.fun’s livestream content have been moderated since day one. He also mentioned that their moderation team isn’t the best but they’re working on making their moderation rules more transparent.

The whole Pump.fun issue is bringing up a lot of debate on what “ownership” truly means for crypto and the entire blockchain industry. For one, things like this make the industry look bad and give regulators more reasons to try and destroy it. But should the platforms actually be held accountable or the users themselves?

We’re keeping a close eye on how this all plays out. But FWI, Pump.fun is still raking in the money despite all these controversies. According to DeFi Llama, the platform has pocketed over $215 million in revenue since March 2024.

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