1 month ago
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Alright, so pump.fun — this meme coin launchpad that’s been a big deal on the Solana blockchain — has hit some serious bumps lately. It’s like everything that could go wrong did, all at once. Livestream scandals, legal fights, a hacked X account — you name it. And the result? Inflows are down, whether that’s cash, trading action, or just people showing up. Let’s unpack this mess and see what’s really going on.
Picture this: it’s November 2024, and pump.fun’s livestream feature — meant to hype up new tokens — turns into a total disaster. Users start airing some seriously messed-up stuff: fake suicides, violence, even animal abuse. Yikes. It’s the kind of thing that makes you go, “What were they thinking?” People freaked out, and pump.fun had to kill the livestreams fast.
The fallout? Revenue took a nosedive. On November 24, they were raking in $5.31 million a day — pretty sweet, right? But the next day, after shutting it all down, it dropped to $3.76 million. That’s a 33% hit in 24 hours! And it gets worse: weekly revenue went from $33.83 million to $11.31 million by early December — a 66% crash (Pump.fun weekly revenue drops 66% after livestream controversy). Fewer users, less buzz — it’s no shock that inflows started drying up. Honestly, if your…
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