The Solana memecoin launchpad pump.fun faced criticism over the weekend due to violent and unsavory livestreams that circulated on social media. By Monday afternoon, the platform temporarily deactivated its livestream feature. The controversial streams included threats of violence and racist content. Despite this backlash, the platform had reported significant revenue growth, with $14.3 million booked on Saturday, nearly tripling its previous record. Known for its lax content moderation, pump.fun had previously hosted numerous racially insensitive or pornographic tokens. Following the uproar, the platform's anonymous founder stated efforts would be made to shield users from disturbing content, noting that hundreds of streams had been removed. Pump.fun disabled its livestreams altogether, citing challenges in content moderation amid its rapid growth. The move has sparked discussions about the reputational risks of memecoins in the crypto industry, with some likening pump.fun's situation to the fallout from the FTX collapse. Advocates and critics of memecoins continue to debate their place in the evolving landscape of blockchain technology.

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