Pump.fun's daily revenue has dropped by one-third due to the disabling of user live streaming

Memecoin platform Pump.fun saw its daily revenue plummet by a third, from $5 million on Sunday to $3.6 million on Monday, after disabling users' live streaming capabilities this week, the largest single-day drop since March this year. Previously, the platform caused widespread criticism due to controversial content in user live broadcasts. Pump.fun has accumulated revenue of nearly US$230 million since its launch in January. However, due to the recent intensification of negative sentiment on the platform and the emergence of user fatigue, some traders have gradually turned to other ecosystems. According to Min Jung, a researcher at the analysis agency Presto Labs, more and more users are turning to the Base chain developed by Coinbase, and the transaction volume of its related platforms has increased significantly, such as the AI ​​token platform Virtuals and the text instruction Memecoin tool Clanker. The transaction volume and tokens Prices have risen sharply recently. (DL News)