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Deythere > News > News > Why X Suspends Pump.fun and Top Meme Coin Accounts in Surprise Crackdown
NewsCryptoMarket

Why X Suspends Pump.fun and Top Meme Coin Accounts in Surprise Crackdown

Pump.fun X suspension
Jonathan Swift
Last updated: June 17, 2025 11:34 am
By
Jonathan Swift
Published June 17, 2025
8 Min Read
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In a dramatic and largely unexplained move, X (formerly Twitter) has suspended the accounts of Pump.fun, its co-founder Alon Cohen, and several high-profile meme coin-related projects. The takedown has rocked the Solana-based meme ecosystem and fueled speculation about possible regulatory pressure, platform abuse, and a brewing crackdown on crypto promotional practices.

Contents
  • Who Got Suspended?
  • What’s Behind the Ban?
    • 1. Pump-and-Dump Concerns
    • 2. Abuse of X APIs
    • 3. Regulatory Shadow
  • Industry Reactions
  • Market and Community Impact
  • What This Means for Crypto Marketing
  • Final Thoughts: A Warning Shot or the First of Many?
  • Frequently Asked Questions (FAQs)
    • Why did X suspend Pump.fun and related accounts?
    • Is the Pump.fun website still working?
    • Was this crackdown limited to Pump.fun?
    • Could this be linked to the SEC or regulators?
    • Will this affect upcoming meme coin launches?
  • Glossary of Key Terms
    • References and Sources

The ban came just as Pump.fun was preparing a high-profile $1 billion token launch, using X as a central marketing hub. Now, that promotional engine is suddenly offline.

Who Got Suspended?

The suspensions went live on June 16, and affected the following:

  • Pump.fun (@pumpdotfun) — A key Solana-based platform used to mint and launch meme coins

  • Alon Cohen (@AlonCohen) — Co-founder of Pump.fun and a vocal crypto promoter

  • GMGN (@GMGNtoken) — A meme coin community with strong Solana traction

  • Bloom Trading, BullX, and ElizaOS — Other influential meme coin accounts and dev projects

X offered no formal explanation, leaving the crypto community in confusion. Many users suspect the takedown relates to pump-and-dump fears, API policy violations, or mounting regulatory heat on the meme coin space.

Solana token sale

What’s Behind the Ban?

While X hasn’t issued an official reason, several industry insiders have pointed to potential causes:

1. Pump-and-Dump Concerns

Pump.fun, by its very name and format, encourages rapid token creation and speculative trading, often with little or no utility. This structure, while gamified, may resemble behaviors that attract regulatory scrutiny, especially under evolving SEC enforcement interpretations.

2. Abuse of X APIs

Some reports suggest that meme coin accounts may have used unauthorized API access or tweet-sniping tools, which could violate X’s terms of service. These tools automate the reply system to quickly promote coins under trending tweets, raising spam and abuse concerns.

3. Regulatory Shadow

With regulators increasing pressure on meme-based and unregistered token sales, X may be acting pre-emptively to avoid liability. Platforms have been under pressure since the SEC and other bodies began tightening the rules around unlicensed securities promotion.

Industry Reactions

Despite the ban, Pump.fun’s web platform remains fully operational. On-chain activity continues uninterrupted, and multiple developers have reaffirmed that the project is decentralized and censorship-resistant. Off-chain marketing, however, has clearly taken a hit.

The GMGN team announced an appeal and redirected community updates to Telegram, while other projects issued backup account notices and newsletters.

meme coin account crackdown

Meanwhile, BeInCrypto reported over $10 million in meme coin transaction volume within an hour of the suspensions. Ironically, the crackdown appears to have spiked curiosity and liquidity, possibly out of FOMO or protest buys.

Market and Community Impact

Project/AccountStatus on XImpact
Pump.funSuspendedLoss of main promo hub before token launch
Alon CohenSuspendedCommunity backlash, loss of public voice
GMGNSuspendedMoved to Telegram, filed appeal
Solana Meme coinsVolatileTrading surged briefly post-ban

Meme coins have always thrived on virality, with X being the heartbeat of meme culture. Losing access to that megaphone could reduce visibility, cut into liquidity, and slow adoption unless alternative promotion models (like Farcaster or Telegram) pick up steam.

What This Means for Crypto Marketing

This incident could begin a broader shift in how crypto projects market themselves. With traditional Web2 platforms tightening policies and regulators scrutinizing promotional content more closely, Web3 startups may have to explore:

  • Decentralized social alternatives (e.g., Farcaster, Lens Protocol)

  • Token-gated communities on Discord and Telegram

  • More compliant launch strategies with clearer disclosures and KYC frameworks

Crypto projects now face a critical question: How do you go viral without violating platform rules? The answer may shape the future of meme coin campaigns.

Final Thoughts: A Warning Shot or the First of Many?

Whether this was an isolated moderation move or the start of a wider purge, one thing is clear: crypto marketers can no longer treat X as untouchable territory. The suspension of Pump.fun and other influential accounts sends a chilling message to meme coin promoters: stay compliant, stay clean, or risk vanishing overnight.

For a space built on irreverence and rebellion, this may be the beginning of a harsh reality check. If Web2 keeps tightening the screws, the next meme coin explosion might not go viral on X—but on platforms built from the same decentralized ethos they promote.

Frequently Asked Questions (FAQs)

Why did X suspend Pump.fun and related accounts?

X (formerly Twitter) has not officially disclosed the reason, but speculation points to platform abuse, regulatory pressure, or spam-related policy violations.

Is the Pump.fun website still working?

Yes, Pump.fun’s website and on-chain functionality remain live. The suspensions only affect their X (Twitter) presence.

Was this crackdown limited to Pump.fun?

No. Multiple memecoin-related accounts, including GMGN, Bloom, BullX, and ElizaOS, were also suspended around the same time.

Could this be linked to the SEC or regulators?

While not confirmed, many analysts believe the suspensions may be preemptive actions to avoid legal complications related to unregistered token promotion.

Will this affect upcoming meme coin launches?

Possibly. With reduced visibility on X, projects may need to rethink marketing strategies, use alternative platforms, or emphasize community building over virality.

Glossary of Key Terms

Pump.fun – A Solana-based platform that allows anyone to launch meme coins with minimal friction and gamified UX.

Meme coin – A cryptocurrency based on internet culture or humor, often with little intrinsic value but high community engagement.

X (formerly Twitter) – A major social media platform widely used for crypto marketing and community engagement.

Suspension – The act of temporarily or permanently disabling a user or project account on a platform due to policy violations or other reasons.

SEC (Securities and Exchange Commission) – The U.S. regulatory body that governs securities markets and has recently cracked down on crypto promotions.

API Abuse – Unauthorized or improper use of an application programming interface (API), potentially breaching a platform’s terms of service.

Token Sale – A fundraising mechanism where a project sells its tokens to the public, often requiring regulatory compliance depending on jurisdiction.

References and Sources

ft.com

beincrypto.com

coindesk.com

cryptotimes.io

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TAGGED:memecoin account crackdownPump.fun X suspensionSolana token sale

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ByJonathan Swift
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A crypto journalist with an understanding of blockchain technology. Skilled in simplifying complex topics for diverse audiences, from beginners to experts. Because I believe in words as they are the children of mind.
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