By November 27, 2024, daily revenue for the Pump.fun platform dropped by 33%, falling to $3.57 million from its peak of $5.3 million just days earlier.

In early November, the platform’s revenue skyrocketed, surging from under $1 million to over $5 million between November 21 and 24. However, this growth sparked concerns within the community about content moderation quality. Users raised alarms over live streams where token creators used controversial methods to draw attention to their projects.

Some streamers went as far as making threats of self-harm or violence if their tokens didn’t reach specific market capitalizations, prompting widespread backlash. In response, on November 25, Pump.fun developers temporarily disabled the streaming feature, citing a lack of moderators to handle the exponential growth in content.

“In recent weeks, our platform has experienced unprecedented growth: the number of daily live streams increased more than 100-fold in less than a week. We are facing challenges similar to those encountered by other social platforms and are taking proactive steps to address major issues.”

Following the streaming suspension and continued community outrage, the platform’s daily revenue fell to $3.57 million. Despite the decline, November remains the most profitable month in Pump.fun history, with total revenue surpassing $80 million. According to Dune Analytics, the platform’s cumulative revenue since its launch stands at $265.8 million.

Earlier, on November 27, the Pump Science team reported an incident involving unauthorized tokens issued via Pump.fun.