What happened?
Pump.fun, a Solana-based meme coin platform, has brought back its live-streaming feature for a limited number of users after a five-month suspension. The feature was paused due to harmful and controversial content that was widespread on the platform. They have now implemented new moderation systems and guidelines to ensure user safety and encourage creative content.
Who does this affect?
The relaunch primarily affects the initial 5% of users selected to access the live-streaming feature under the new guidelines. Additionally, it touches the wider Pump.fun community, including content creators and viewers who use the platform for meme coin promotions. Investors and traders in the meme coin market can also be indirectly affected by the platform’s actions and its influence on market trends.
Why does this matter?
The return of live-streaming on Pump.fun is significant as it reflects the platform’s attempt to revive engagement amidst declining interest in meme coins. The updated moderation may help maintain legal compliance and user trust, which are essential for long-term growth and sustainability. Given the market’s volatile nature, the ability of platforms like Pump.fun to adapt to challenges could impact how investors perceive and interact with meme coins in the future.