Solana-based memecoin launchpad Pump.Fun experienced a sharp 33% decline in revenue this week after disabling its live-streaming feature.
According to DefiLlama data, the platform’s revenue fell from $5 million to $3.6 million in just one day, marking its most significant single-day drop since March.
The decision came after a series of controversial incidents that triggered widespread backlash.
Pump.Fun, which has generated nearly $230 million in revenue since its January launch, remains a contentious player in the memecoin space.