Liverstreamers on Pump.fun staged a fake private jet crash to lure viewers into engaging their content. 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, with users calling out obvious set pieces, and even an exterior shot that gave away its inauthenticity.
Pump.fun livestreamers fake plane crash
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 that it was fake, the wider the clip circulated. That attention achieved 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.
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 memecoins platform isn’t doing well in terms of revenue either. Last Sunday, it generated $3.74 million, with the number dropping below $1 million. According to Dune Analytics, Pump.fun registered a revenue of $890K 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.
