After Pump.fun suspended its live streaming feature, weekly revenue dropped significantly by 66%

2024-12-02 10:50:50

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ChainCatcher news, according to Cointelegraph, the Solana ecosystem meme coin issuance platform Pump.fun has seen a significant decline in weekly revenue due to the suspension of its live streaming feature. Data shows that the platform set a new weekly revenue record of $33.83 million in the fourth week of November, an increase of nearly 400% compared to the beginning of the month. After the live streaming feature was shut down, revenue plummeted to $11.31 million during the period from November 25 to December 1.

Previously, the platform was forced to suspend its live streaming service due to users posting threatening content during the broadcasts, and several industry insiders warned that the incident could trigger a criminal investigation. Yuriy Brisov, a partner at Digital and Analogue Partners, stated that this is "a reasonable basis for criminal investigation and civil litigation."

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