Is Pump.fun New Darknet? Disturbing Content Goes Live on MemeCoin Platform

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As a seasoned crypto investor with over two decades of experience in this digital frontier, I must say that the recent turn of events surrounding Pump.fun has left me utterly dismayed and appalled. The platform’s livestreams have transformed from a vibrant community gathering to a chaotic, uncontrolled spectacle that borders on the grotesque.

The popular meme coin launchpad for Solana, Pump.fun, is facing significant criticism following a wave of troubling live streams that spread across social media, showcasing disturbing and offensive content such as violence, racism, and other shocking material. As a result, the platform has temporarily halted its livestream functionality.

PumpFun’s live-streams brim with unruly activity, showcasing 12-year-olds, firearms, inappropriate remarks, and adult content.

Viewers are performing daring feats and questionable investments, constantly pushing boundaries.

This is the gritty, uncensored aspect of online culture.🧵

— The Crypto Times (@CryptoTimes_io) November 26, 2024

Over the last couple of days, several debates have arisen concerning the inappropriate and disturbing misuse of the platform by multiple users. Many people argue that regulatory bodies are actively investigating this issue, and if such behavior persists, it could potentially lead to the downfall of the community.

As a crypto investor, I’ve been closely following Solana’s blockchain activity on this platform, but recently, it’s been under intense scrutiny due to some users broadcasting extreme and disturbing content. This includes threats of violence, suicide, and other harmful acts that have left the community reeling. Regrettably, some users have even gone as far as threatening to harm their pets or loved ones over racially charged comments, which has caused widespread shock.

I don’t have any issues with memes, but the concept of meme-based cryptocurrencies is starting to seem a bit unusual to me. Let’s focus on developing practical applications for blockchain technology instead.

— CZ 🔶 BNB (@cz_binance) November 26, 2024

Pump.fun live stream goes berserk

The story begins when the platform hit a massive $14.3 million in revenue on Saturday which is three times higher than the previous revenue report. However, this financial success fun was spoiled by its impropriate content on its platform.

At Pudgy Penguins, Beau, who is in charge of safety projects, alerted both the user base and the platform team regarding concerning incidents. In these instances, users expressed a desire to take their own lives if the market capitalization of their tokens didn’t meet a particular threshold.

Hi @pumpdotfun, it appears someone is using your live streams to make suicidal threats based on the coin’s marketcap. This behavior is utterly despicable and must be addressed immediately. Can you look into providing them with assistance? I recommend temporarily disabling the livestream function as this situation seems out of hand.

— Beau (@beausecurity) November 25, 2024

Furthermore, Beau strongly recommended that the platform team consider disabling the livestream function due to its unruly nature. Subsequently, a series of concerning incidents occurred in which users engaged in disturbing acts for token rewards. Other accounts involved adults firing guns from windows and minors making threats of violence towards their families.

In response to growing criticism about this event, the anonymous founder of the platform, Alon, addressed the issues by acknowledging the concerns and highlighting their efforts in moderation. “We have a dedicated team of moderators working 24/7,” Alon declared, stressing that content moderation has been a top priority since the platform was first established.

Later on, the Pump.fun team had disabled live streams for an indefinite time period. 

Horrifying Stories of Pump.fun

As an analyst, I came across a chilling account shared by Researcher Melfoy, wherein a 12-year-old high school student made a disturbing threat live on air. If the token’s market cap didn’t reach 60K, he vowed to use a shotgun and harm his own family. This incident serves as a stark reminder of the potential dangers lurking in the digital world and the need for increased vigilance and protection for vulnerable individuals online.

An alternative narrative presents a young pair who, in a startling display, repeatedly strike their 3-year-old child every four minutes. This action is supposedly tied to reaching a market capitalization of $15,000 for their digital token. The video’s disclaimer indicates that they will discontinue these actions once the market cap hits $15,000.

These tales are so chilling they appear to depict modern-day individuals bartering their souls to the devil. The acts depicted range from making threats of self-harm, cruelty towards infants, to engaging in sexual activities with animals – all of which are deeply unsettling and inhumane.

Final Thoughts

Pump.fun has lost its amusement; it’s transforming into a platform associated with the dark web. The reports emerging are troubling and inhumane. Furthermore, these events also pose challenges to the acceptance and advancement of cryptocurrencies. These incidents underscore the significance of content moderation, which would involve monitoring broadcasts and preventing illicit activities.

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2024-11-26 14:28