By November 27, daily revenues for the token launch platform Pump.fun had fallen by 33% compared to a peak of $5.3 million just days earlier.
In early November, the platform’s earnings began to surge rapidly—from below $1 million to over $5 million between November 21 and 24.
Amid the excitement surrounding the platform, dissatisfaction grew within the community over content moderation quality. Users were particularly upset by video streams where token creators used questionable methods to draw attention to their projects.
On November 25, Pump.fun developers disabled streaming, citing a shortage of moderators amid the significant rise in the feature’s popularity:
“Recently, our platform has experienced unprecedented growth: the daily number of live streams increased more than 100-fold in less than a week. […] We are overcoming challenges faced by many other social platforms and are taking similar steps to address core issues.”
As of November 27, amidst community discontent and the suspension of broadcasts, the platform’s daily revenues fell to $3.57 million.
November remains the most profitable month in Pump.fun’s history, with revenues exceeding $80 million. According to Dune Analytics, at the time of writing, the platform’s cumulative revenue since launch stands at $265.8 million.
Earlier on November 27, the Pump Science team reported an incident involving the issuance of unauthorized tokens on Pump.fun.