Pump.fun, a Solana meme coin creation platform, is facing serious concerns about moderation, safety, and ethics in the crypto community.
The live-streaming feature on Pump.fun has been abused, with incidents of self-harm threats and even alleged suicides.
The platform's moderation policies have come under scrutiny, as critics claim that the effort to remove harmful content falls short.
Experts fear that unregulated platforms like Pump.fun could face regulatory scrutiny if content tied to meme coins violates legal or ethical standards.