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.
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.
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.
It is worth noting that Pump.fun is already facing a class action lawsuit, though not from the SEC. In January 2025, plaintiff Diego Aguilar accused the platform of securities law violations and generating nearly $500 million in fees through unregistered token sales.
For now, these are just unconfirmed reports circulating online, and X or any impacted parties have not confirmed the official reason for the suspension. However, GMGN did acknowledge it on Telegram.
“We’ve noticed that the official GMGN Twitter account has been temporarily suspended. Please rest assured that we are actively appealing the decision and working to restore the account as soon as possible,” the post read.
As the situation progresses, stakeholders await clarification from Pump.fun and others. The platform’s ability to proceed with the PUMP airdrop and maintain user trust will depend on how it navigates this setback. Until an official statement emerges, the crypto community remains in suspense.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Read the full article here
