X Cracks Down on Meme Coin Platform Pump.fun Before Critical Token Launch
The X (formerly Twitter) accounts of Pump.fun, a prominent Solana (SOL)-based meme coin launchpad, and its founder, Alon Cohen, have been suspended ahead of the impending PUMP token launch.
This crackdown extends beyond Pump.fun, as at least 19 other crypto-related accounts have been suspended without any official explanation.
Why Did X Suspend Pump.fun’s Account?The timing of the suspension is particularly critical. According to BeInCrypto, the platform had planned to raise $1 billion through initial sales of the PUMP token.
With over 457,000 followers, Pump.fun’s X account was a crucial platform for the project. Thus, this ban could negatively impact the launch.
Pump.fun’s Suspended X Account. Source: X
Despite the social media blackout, Pump.fun’s website, which facilitates creating and trading meme coins on the Solana blockchain, continues uninterrupted. In addition to Pump.fun, other platforms such as GMGN, Bloom Trading, BullX, and the AI agent platform Eliza OS, along with its founder Shaw Walters’s accounts, etc., were also suspended.
Account suspended
Black day for pump fun and the whole @solana ecosystem pic.twitter.com/Be18FuccZF
The suspended X accounts, which now display the message “X suspends accounts which violate the X rules,” have left the cryptocurrency community in speculation. Market watchers have shared many theories. Some suggest the suspension may be linked to unauthorized API usage.
“End of an era. Pump dot fun and its founder, Alon, were suspended on X. This space is healing. Rumors say they used an API they did not pay for. Many other accounts tied to that API were banned,” a user posted.
Some have highlighted a fake online post claiming that the SEC is probing Pump.fun. However, the regulator’s account has not officially confirmed this.
