X suspends crypto meme coin platform Pump․fun

This decision came after the platform faced backlash for allowing users to broadcast harmful and violent content, including threats of violence and animal cruelty.

The suspension aims to allow Pump.fun to upgrade its moderation infrastructure and ensure user safety. Despite this, users can still create and trade meme coins on the platform, just without the live-stream option.

Users threatened to harm themselves or others if their meme coins didn't reach a certain market capitalization.

Some users streamed content involving animal abuse.

There were reports of child abuse and exploitation on the platform.

Pump.fun's anonymous founder acknowledged the need for better moderation and has committed to enhancing the platform's safety measures. The platform's decision to pause live streaming has sparked conversations about content moderation in decentralized platforms and the balance between free speech and user safety.#BombieBinanceTGE $BTC