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Crypto Gets Shock Video Dose as Users Stream ‘NSFW’ Content to Pump Their Memecoins

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The wild 2000s era of internet shock videos is making a return in crypto.

Some issuers of memecoins on Solana’s runaway hit Pump.fun are streaming videos ranging from extreme dark humor to dark behavior, all to pump their tokens to a few million dollars in market capitalization.

There are streams and images of children tied up, a man locked up in his toilet continuously, killing of hens, fetish videos, and softcore porn. Live streaming on the platform was a feature added last week.

Some tokens even have images of a human slashing forearms or playing with fire (though these are quickly taken down). One person was allegedly firing a gun outside their window every time his token zoomed higher. This sort of shock factor can lead to viral content, drawing in more viewers and potential investors.

It isn’t all bad, however. Most of the streams are harmless or contain fun activities such as drawing an egg or talking to an audience. Users have to specifically switch on an “NSFW” tag to land up on questionable content.

Most of the dark tokens don’t have an X page, and their issuers have not publicly shared why they choose to engage in extreme behavior. Memecoins often thrive on internet culture, humor, cuteness, and virality — but such acts may cross a line for what’s considered a harmless act for a meme. Such activities can even draw negative attention from mainstream media.

X users are also reporting some dark streams, such as suicidal streams, death threats, and animal porn among others. (CoinDesk could not independently verify these posts, or if Pump.fun’s moderation team likely took them down.)

https://x.com/beausecurity/status/1860859118124138610

Pump.fun lets anyone issue a token for less than $2 in capital, after which they choose the number of tokens, theme, and meme picture to accompany it. When the market capitalization of any token reaches $69,000, a portion of liquidity is deposited to the Solana-based exchange Raydium and burned.

Pump.fun is among the most-used applications in the industry and the biggest revenue generator across all user apps — on track to do XXXX as per estimates.

To be clear, Pump.fun has no role in the type of streams users choose to do and has an active moderation team that takes down dark or malicious content. Pump has been moderating platform activity since it started.

https://x.com/a1lon9/status/1860036153249787911

“We actively moderate illicit content on the site. That includes images, videos, live streams, and comments,” Pump founder @a1lon9 wrote in an X post over the weekend. “Although we strongly stand for free speech and expression, it’s our responsibility to ensure that users don’t see clearly repulsive/dangerous content and that bad actors aren’t given a platform to act as they wish.”

“If you’re aware of a coin where moderation isn’t enforced, please report it in our support channels immediately,” he added.

Crypto Twitter largely condemns such behavior, however. No influential X account is chiding on issuers of such tokens to continue engaging in their activities, and most of these tokens are failing to break even a $50,000 market capitalization (viral and positive tokens on Pump.fun can easily break $1 million in a few hours).

Meanwhile, sentiment for Pump.fun has largely dived negative amid everything taking place on the platform.

https://x.com/Punk9277/status/1860924206961266940

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Strategy Bought $27M in Bitcoin at $123K Before Crypto Crash

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Strategy (MSTR), the world’s largest corporate owner of bitcoin (BTC), appeared to miss out on capitalizing on last week’s market rout to purchase the dip in prices.

According to Monday’s press release, the firm bought 220 BTC at an average price of $123,561. The company used the proceeds of selling its various preferred stocks (STRF, STRK, STRD), raising $27.3 million.

That purchase price was well above the prices the largest crypto changed hands in the second half of the week. Bitcoin nosedived from above $123,000 on Thursday to as low as $103,000 on late Friday during one, if not the worst crypto flash crash on record, liquidating over $19 billion in leveraged positions.

That move occurred as Trump said to impose a 100% increase in tariffs against Chinese goods as a retaliation for tightening rare earth metal exports, reigniting fears of a trade war between the two world powers.

At its lowest point on Friday, BTC traded nearly 16% lower than the average of Strategy’s recent purchase price. Even during the swift rebound over the weekend, the firm could have bought tokens between $110,000 and $115,000, at a 7%-10% discount compared to what it paid for.

With the latest purchase, the firm brought its total holdings to 640,250 BTC, at an average acquisition price of $73,000 since starting its bitcoin treasury plan in 2020.

MSTR, the firm’s common stock, was up 2.5% on Monday.

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HBAR Rises Past Key Resistance After Explosive Decline

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HBAR (Hedera Hashgraph) experienced pronounced volatility in the final hour of trading on Oct. 13, soaring from $0.187 to a peak of $0.191—a 2.14% intraday gain—before consolidating around $0.190.

The move was driven by a dramatic surge in trading activity, with a standout 15.65 million tokens exchanged at 13:31, signaling strong institutional participation. This decisive volume breakout propelled the asset beyond its prior resistance range of $0.190–$0.191, establishing a new technical footing amid bullish momentum.

The surge capped a broader 23-hour rally from Oct. 12 to 13, during which HBAR advanced roughly 9% within a $0.17–$0.19 bandwidth. This sustained upward trajectory was characterized by consistent volume inflows and a firm recovery from earlier lows near $0.17, underscoring robust market conviction. The asset’s ability to preserve support above $0.18 throughout the period reinforced confidence among traders eyeing continued bullish action.

Strong institutional engagement was evident as consecutive high-volume intervals extended through the breakout window, suggesting renewed accumulation and positioning for potential continuation. HBAR’s price structure now shows resilient support around $0.189–$0.190, signaling the possibility of further upside if momentum persists and broader market conditions remain favorable.

HBAR/USD (TradingView)

Technical Indicators Highlight Bullish Sentiment
  • HBAR operated within a $0.017 bandwidth (9%) spanning $0.174 and $0.191 throughout the previous 23-hour period from 12 October 15:00 to 13 October 14:00.
  • Substantial volume surges reaching 179.54 million and 182.77 million during 11:00 and 13:00 sessions on 13 October validated positive market sentiment.
  • Critical resistance materialized at $0.190-$0.191 thresholds where price movements encountered persistent selling activity.
  • The $0.183-$0.184 territory established dependable support through volume-supported bounces.
  • Extraordinary volume explosion at 13:31 registering 15.65 million units signaled decisive breakout event.
  • High-volume intervals surpassing 10 million units through 13:35 substantiated significant institutional engagement.
  • Asset preserved support above $0.189 despite moderate profit-taking activity.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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Crypto Markets Today: Bitcoin and Altcoins Recover After $500B Crash

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The crypto market staged a recovery on Monday following the weekend’s $500 billion bloodbath that resulted in a $10 billion drop in open interest.

Bitcoin (BTC) rose by 1.4% while ether (ETH) outperformed with a 2.5% gain. Synthetix (SNX, meanwhile, stole the show with a 120% rally as traders anticipate «perpetual wars» between the decentralized trading venue and HyperLiquid.

Plasma (XPL) and aster (ASTER) both failed to benefit from Monday’s recovery, losing 4.2% and 2.5% respectively.

Derivatives Positioning

  • The BTC futures market has stabilized after a volatile period. Open interest, which had dropped from $33 billion to $23 billion over the weekend, has now settled at around $26 billion. Similarly, the 3-month annualized basis has rebounded to the 6-7% range, after dipping to 4-5% over the weekend, indicating that the bullish sentiment has largely returned. However, funding rates remain a key area of divergence; while Bybit and Hyperliquid have settled around 10%, Binance’s rate is negative.
  • The BTC options market is showing a renewed bullish lean. The 24-hour Put/Call Volume has shifted to be more in favor of calls, now at over 56%. Additionally, the 1-week 25 Delta Skew has risen to 2.5% after a period of flatness.
  • These metrics indicate a market with increasing demand for bullish exposure and upside protection, reflecting a shift away from the recent «cautious neutrality.»
  • Coinglass data shows $620 million in 24 hour liquidations, with a 34-66 split between longs and shorts. ETH ($218 million), BTC ($124 million) and SOL ($43 million) were the leaders in terms of notional liquidations. Binance liquidation heatmap indicates $116,620 as a core liquidation level to monitor, in case of a price rise.

Token Talk

By Oliver Knight

  • The crypto market kicked off Monday with a rebound in the wake of a sharp weekend leverage flush. According to data from CoinMarketCap, the total crypto market cap climbed roughly 5.7% in the past 24 hours, with volume jumping about 26.8%, suggesting those liquidated at the weekend are repurchasing their positions.
  • A total of $19 billion worth of derivatives positions were wiped out over the weekend with the vast majority being attributed to those holding long positions, in the past 24 hours, however, $626 billion was liquidated with $420 billion of that being on the short side, demonstrating a reversal in sentiment, according to CoinGlass.
  • The recovery has been tentative so far; the dominance of Bitcoin remains elevated at about 58.45%, down modestly from recent highs, which implies altcoins may still lag as capital piles back into safer large-cap names.
  • The big winner of Monday’s recovery was synthetix (SNX), which rose by more than 120% ahead of a crypto trading competition that will see it potentially start up «perpetual wars» with HyperLiquid.
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