The decentralized token creation platform Pump.fun has faced serious concerns following reports of users threatening self-harm during livestreams if their tokens do not meet specific price targets. A notable incident involved a user who claimed they would commit suicide if their meme coin did not reach a certain market cap. This sparked discussions on social media, with calls to shut down the streaming feature and provide mental health support to affected users. Critics have highlighted the lack of safety protocols on Pump.fun, which was launched in January as a launchpad for meme coins on the Solana blockchain. Although designed to enable decentralized token creation, the platform has been criticized for enabling harmful behavior among users, particularly in the volatile crypto market. Prior research has indicated that engaging in cryptocurrency trading can lead to adverse mental health outcomes, reinforcing the need for greater awareness and protective measures for traders. Overall, mental health experts are calling for better policies that address the psychological risks associated with participating in speculative trading activities.

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