Pump.fun超限制級直播「等同dark web」，恐成 Solana big dump導火線？

Token launch platform Pump.fun recently caused dissatisfaction among community users due to chaotic live broadcasts, many of which involved violence, pornography, and threats. If the platform is not properly controlled, it may lead to government investigation or even delisting, potentially causing a huge impact on the Solana ecosystem. (Background: Solana ecosystem protocol fees hit record highs, signaling a fundamental change in the market?) (Context: A review of the top 10 money-making protocols: Ether chain still the most profitable, pump.fun revenue surges) The low Money Laundering of the veteran public chain Solana makes it an excellent breeding ground for meme coins. The meme coin issuance platform Pump.fun seizes the investors' enthusiasm for meme coins, not only launching the 'one-click coin issuance' feature, but also announcing the 'Stages' live streaming function at the end of August, allowing coin issuers to interact with users through live broadcasts. Chaotic live broadcasts bordering on the Darknet: Last week, it was reported that the 'Sell Flying Children Brother' drove the coin price to a peak of 80 million USD through live coin issuance on Pump.fun. This broadcast seemed to open the 'Pandora's Box' of the coin circle. After the live coin issuance by the Brother, some users saw the potential of live coin issuance and began to imitate on Pump.fun. However, users in the coin circle are focused on the narrative, and simple live broadcasts are unlikely to attract buyers. Therefore, many coin issuers started using provocative methods such as pornography, challenges, violence, abuse, and threats to grab users' attention. Market Cap challenge live broadcasts with 'If Market Cap does not reach XXX, I will XXX' mode attract users' attention, prompting users to boost Market Cap to complete challenges. This mode often involves self-harm (deliberately staying awake, staying on the toilet continuously), violence and abuse (hitting people, abusing animals, shooting), various pornographic performances, etc., pushing chaos to a degree close to the Darknet. Due to the coin issuers' unlimited creation of topics, the community begins to resist Pump.fun and demand the closure of the live broadcast function. However, facing the community's demands, Pump.fun did not close the live broadcast function but delisted live broadcasts with violations. Pump.fun co-founder alon stated in a tweet yesterday (24th): 'Hundreds of live streams containing violence and abuse have been delisted: no, there have been hundreds of streams that have been taken down - alon (@a1lon9) November 24, 2024 Will Pump.fun become the trigger for a big dump in SOL? On the other hand, according to DeFillama data, Pump.fun's protocol profit in the past year was 215 million USD, ranking second in the Solana ecosystem, slightly lower than Solana's 280 million USD, indicating the importance of Pump.fun. We know that a large part of Solana's meme season success is attributed to Pump.fun's one-click coin issuance feature, while Solana network gas fees and DEX transaction fees are also driven by meme transactions. Therefore, if improper live broadcast incidents lead to government investigation or even the closure of Pump.fun, the Solana ecosystem may face a significant impact. Although there is no relevant news yet, if Pump.fun does not strengthen control, the above situation is likely to become a reality.