Meme coin launchpad Pump.fun has seen explosive growth in November, recording its highest monthly revenue ever at $82.78 million. This represents a staggering 207% increase compared to October’s figure of $30.5 million.
This surge coincides with a significant rise in user activity and transaction volume on the platform. Data from Dune Analytics reveals that Pump.fun witnessed its highest number of token launches ever on November 20th, with a record-breaking 69,046 Solana-powered tokens launched in a single day.
Additionally, the platform processed a total transaction volume of $4.15 billion in the past two weeks.
However, Pump.fun has also faced criticism in recent weeks regarding its livestream feature. Launched in August 2024, the feature has been misused by some coin developers to broadcast harmful content, including acts of self-harm and other dangerous behaviors.
This sparked online outrage and concerns over the platform’s content moderation practices. Responding to the backlash, Pump.fun has since disabled the livestream feature.
The platform’s team acknowledged user concerns and took swift action to ensure a safer environment. This included removing inappropriate content, flagging NSFW material, and implementing additional moderation measures.
In a November 23rd post, Pump.fun founder “alon” addressed the issue, claiming the platform has always employed a large team of moderators working 24/7. Alon also acknowledged limitations in their current system and encouraged users to report any harmful content encountered.
Despite the recent controversy, Pump.fun’s financial performance remains strong. As the meme coin market continues to evolve, it will be interesting to see how the platform addresses content moderation challenges while maintaining its impressive growth trajectory.
