17.06.2025 07:06
Pump.fun, a leading Solana-based meme coin launchpad, and its founder Alon Cohen, experienced a significant setback when their X (formerly Twitter) accounts were unexpectedly suspended. This action, occurring just before the highly anticipated PUMP token launch, wasn't an isolated incident; at least nineteen other cryptocurrency-related accounts faced similar suspensions, leaving the community largely in the dark regarding the reasons behind these actions.
The timing of the suspension is undeniably crucial, given Pump.fun's ambitious goal of raising a billion dollars through the PUMP token's initial sale. With a substantial following of over 457,000 users, their X account served as a vital communication and promotional channel for the project, and its loss could significantly hinder the launch's success. This suspension, reported by various internet sources, has undoubtedly created considerable uncertainty.
Despite the social media blackout, Pump.fun's website remains operational, continuing to facilitate the creation and trading of meme coins on the Solana blockchain. However, the suspensions extend beyond Pump.fun, impacting several other platforms, including GMGN, Bloom Trading, BullX, and the AI agent platform Eliza OS, along with its founder Shaw Walters' account. The suspended accounts, now displaying a standardized message citing violations of X's rules, have sparked considerable speculation within the cryptocurrency community.
Various theories have emerged regarding the cause of the suspensions. One prominent hypothesis centers on the unauthorized use of an API, with online discussions suggesting a connection between the suspensions and a particular API provider. Another theory, circulated on social media, alleges an SEC investigation into Pump.fun. However, it's important to note that there's currently no official confirmation from the SEC itself regarding these claims. The absence of an official statement from X or the relevant authorities has only amplified the uncertainty and speculation surrounding these events.
