Pump.fun just resurrected its wildest feature after taking offline for five long months.

The Solana memecoin factory is giving livestreaming another shot, but this time with a digital babysitter to make sure nobody does anything stupid.

Remember how people were doing anything for token attention? They're hoping that doesn't happen again.

The Livestream Graveyard

Before getting nuked in November, Pump.fun's livestreaming was the crypto equivalent of "Jackass" meets "Wolf of Wall Street" – and about as responsible.

The platform was launching a mind-boggling 69,000 tokens daily at its peak, with creators doing increasingly unhinged things on camera to pump their bags.

From animal abuse to threats of self-harm to stuff that would make OnlyFans blush – it got so bad that Pump.fun had to pull the plug almost as quickly as it announced the platform.

After the streaming shutdown, token launches crashed hard, dropping from 50,000 to just 22,000 per day – turns out people love a good dumpster fire.

The Return of the King (With a Chaperone)

Pump.fun co-founder Alon Cohen just announced on X that livestreaming is back, but don't get too excited – only 5% of users are getting access in this first wave.

They're dipping their toe in the shallow end to make sure there aren't any sharks before letting everyone jump in.

The new rules read like a "what not to do" list from the first iteration: no violence, harassment, sexual content, or anything involving minors – basically all the greatest hits from last time are now banned.

Break these rules and your account gets yeeted, so no funny business.

AI Sheriff in Town

Pump.fun is rolling out the AI police to catch bad actors before they can go viral this time around.

They've got automated systems scanning streams in real-time, plus actual humans reviewing content that gets flagged.

But they're already hedging their bets by admitting some NSFW stuff might still slip through – it's like they're preemptively saying "our bad" for whatever chaos is about to unfold.

The platform is basically playing content moderator roulette with a feature that previously spiraled out of control at a pace that’s only possible when you mix the internet with potential financial gains. 

When "Number Go Down" Forces Your Hand

This isn't really about community building – it's about cold, hard cash.

Pump.fun's daily revenue nosedived 87% from $7 million to a measly $885,000, the kind of drop that makes any Web3 financial planner wince.

Token launches have stabilized at around 27,000 per day, which sounds impressive until you remember they were doing more than double that during the livestream golden age.

Desperate times call for desperate measures, and nothing screams desperate like bringing back the feature that nearly tanked your platform in the first place.

The CT Reaction

Crypto Twitter is split on this one, shocking absolutely no one.

Some users are celebrating the return of their favorite degenerate pastime, calling it a win for small creators who need exposure.

Others are having flashbacks to the last time this feature existed, remembering all the rug pulls orchestrated by teenage streamers with less ethical guidance than your average 1980s hedge fund manager.

One X user summed it up perfectly: "I'm glad they're not scrapping it entirely—the livestream feature gave small creators a stage; it just needed rules." Translation: "I liked the chaos, but maybe with 10% less crime this time."

Walking the Razor's Edge

Pump.fun is playing a dangerous game of chicken with their own platform.

If the new moderation actually works, they could reignite the memecoin magic that made them famous in the first place.

If it fails, they risk becoming the MySpace of Web3 – a cautionary tale of what happens when you give crypto degens too much freedom and not enough guardrails.

The 5% rollout is smart; it's like a canary in the coal mine to see if the whole thing explodes before exposing everyone.

For now, we're all watching to see if Pump.fun can thread the needle between "entertaining enough to use" and "not so wild it gets shut down again."