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Pump.fun has resumed livestreaming for 5% of users with new moderation policies.
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The feature returns following an overall decline in memecoin activity, with falling token launches and trading volume on the platform.
Solana-based memecoin platform Pump.fun has reactivated its livestreaming feature for a limited set of users, just five months after suspending the feature due to safety and content concerns.
The phased rollout, announced by co-founder Alon Cohen, introduces stricter moderation guidelines with the intention of addressing misuse and promoting safer interactions.
The platform’s livestreaming was initially suspended in November 2024 following an increase in harmful content, including suicide threats and high-risk stunts, as users attempted to promote their tokens.
The platform temporarily removed the feature while it developed a comprehensive regulation policy.
Under the new guidelines, all livestreamed content will be subject to industry-standard rule systems and improved community standards. Content involving violence, harassment, sexual exploitation, child endangerment, and other illegal activities is explicitly prohibited.
The company also addressed the likelihood of NSFW (Not Safe For Work) content appearing on the platform, stating that while such content may surface, it must fall within community standards and comply with the platform rules.
Moderators will retain discretion over what content is deemed acceptable. According to Cohen, the goal is to allow creative expression while maintaining platform safety and integrity.
Livestreaming Returns Amid Broader Decline in Memecoin Activity
The reinstatement of livestreaming comes at a time when activity on Pump.fun and in the memecoin market appears to be reducing. Data from Dune Analytics shows that just 31,651 tokens were created on April 5, down from a peak of nearly 95,600 on January 26.
Additionally, the platform’s token “graduation rate”—a measure of the percentage of tokens that reach sufficient market capitalization to trade on decentralized exchanges—has declined to under 1%, compared to around 1.67% at the start of the year.
The drop suggests low user engagement and reduced activity for newly launched tokens.
Popular tokens such as TRUMP and MELANIA have also seen value declines of over 90% from their all-time highs. The market slowdown has raised questions about the sustainability of Pump.fun’s growth trend and explained the importance of strong content moderation to reduce reputational and regulatory risks.
Pump.fun’s cautious approach in reintroducing livestreaming to a small portion of its user base is a sign of balanced platform engagement with improved safety and compliance standards.