Livestream and legal risks: Pump.fun is notable for creating tokens with a few clicks, but its livestream feature is becoming problematic. Developers exploit it to advertise tokens, while content could lead to lawsuits. Legal experts warn about the serious consequences of broadcasting extremely shocking content on this platform.
Signs of scams and rug pulls: Although Pump.fun claims to block rug pulls, a livestream showed a token creator accused of scamming with 30,000 USD. The platform has launched over 3.8 million tokens but only 1.2% are successful. Scams remain difficult to control, causing significant damage to investors and market trust.
Response from Pump.fun: Alon, co-founder, admits regulatory imperfections and added an NSFW option to hide extreme videos. Yet, incidents have drawn government attention, prompting reevaluation of broadcasting responsibilities. They encourage the community to report violations to improve the environment.