PANews reported on November 29 that according to DL News, the well-known Memecoin platform Pump.fun's daily revenue dropped by one-third due to the disabling of the user live broadcast function this week, from $5 million on Sunday to $3.6 million on Monday, the largest single-day drop since March this year. Previously, the platform was widely criticized for controversial content (such as fake suicide incidents) in user live broadcasts.
Pump.fun has accumulated nearly $230 million in revenue since its launch in January, but recently, due to the 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 command Memecoin tool Clanker, and the transaction volume and token prices have risen sharply recently.
