Livestream chaos returns to Pump.fun with fake plane crash stunt
Liverstreamers on Pump.fun staged a fake private jet crash to lure viewers and pique their interest.
The staged scene quickly spread across X, baiting users into mocking the video’s obvious flaws.
The group of Pump.Fun streamers filmed themselves inside a private jet replica and pretended to crash. The “jet” had poor flooring, obvious set pieces, and even an exterior shot that gave away its inauthenticity.
Pump.fun streamers farm engagement
Viewers who ridiculed the streamers for pulling off a poorly executed hoax failed to see the likely intention from the start, which was farming engagement.
The more users pointed out the fakery, the wider the clip circulated. That attention fed directly into the streamers’ goal of farming engagement and promoting Pump.fun, especially during a time of sliding activity.
The set itself was not difficult to locate. Users identified the location as FD Photo Studio in Los Angeles. The studio rents out themed spaces for photography and filming.
The “Olympic 4” private jet backdrop was booked by the streamers, including SolJakey, Never Goon, MiniKon, and OG Shoots, for as little as $34.99 per hour.
PUMP drops by 27.2% in 14 days
The PUMP native token has been performing poorly in the last 14 days. The token dropped by 29.9%, from $0.007950 to $0.004988. In terms of trading volume, PUMP peaked at $975.76 billion on September 21, but now this volume has crashed to $61.17 million.
PUMP’s market cap sank by 38.2% in just 14 days, dropping from an all-time high $2.8 billion to $1.77 billion based on data from crypto aggregator CoinGecko.
The memecoin platform isn’t generating a ton of revenue either. Last Sunday, Pump.fun generated $3.74 million in revenue. That number has since dropped dramatically to below $1 million. Dune Analytics shows that Pump.fun’s revenue was $890.46k as of yesterday.
Pump.fun released its native token on July 14. It raised $500 million in 12 minutes through an ICO event, but days later, 60% of PUMP presale buyers sold their tokens on centralized exchanges. Pump.fun makers also announced a buyback program on July 16, based on a report from Cryptopolitan. The total amount of PUMP tokens buybacks has surpassed $100 million.
Pump.fun’s livestream feature has always been a place for weird and extreme content. Some people threatened viewers to kill their own families, while others resorted to abuse and sex just to pump their memecoins.
These incidents stirred massive backlash from the crowd which led to the termination of Pump.fun’s livestream feature late last year. But that decision was temporary after livestreaming was relaunched on the platform after 5 months in an attempt to bring the “fun” back.
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