Pump.fun, a meme coin platform, has recently seen backlash and a dip in revenues after a controversy surrounding its livestream services. Many users and stakeholders of the platform, including
Solana, have experienced discontent over nanous livestreams that vary towards harmful and disturbing content. This misfortune has led to a monumental revenue loss, with weekly drops of up to
66% reported. Notwithstanding,
Pump.fun also encountered milestones such as hitting a record
$93M in monthly revenues and
$78M revenues in November. Its rival platform, Pepe Unchained, is anticipated to soak the meme coin market shares. This scrutiny targeting
Pump.fun is intensified by allegations of promoting harmful content and legal experts even suggest potential criminal charges. As an alternative, other crypto platforms, including
Swipe.fun, Emojicoin.fun and Kava have started offering meme coin trading to cash in on this lucrative market. Further controversy stirred when
Pump.fun announced a free meme coin creation service, something that swiftly ignited a debate among enthusiasts. Amid all the hullabaloo,
FUNToken sees a promising future with various price predictions suggesting a steady rise in the value by 2024 through 2030. In response to the backlash,
Pump.fun suspended its live streams leading to fluctuations in trading volumes and market positions.
FUN Coin News Analytics from Mon, 08 Apr 2024 07:00:00 GMT to Wed, 04 Dec 2024 13:08:35 GMT -
Rating -1
- Innovation 6
- Information 8
- Rumor -6
