Once hailed as an innovative tool for crypto creators to hype their meme coins, the livestream function quickly spiraled into chaos, with users exploiting it for violence, threats, and outright insanity.
The livestream feature wasn’t always a cesspool. Pump.fun launched it in May, pitching it as a revolutionary way for creators to connect with audiences. Token creators could go live, promote their projects, and engage directly with investors.
At first, it worked. Streams became hubs for token launches, and meme coin creators flocked to the platform. But the same gamified features that made the streams popular also made them easy to exploit. Bad actors used sensational content to grab attention, boost their tokens, and manipulate prices.
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