17.06.2025 15:08

Elon Musk's X platform has taken decisive action, suspending the accounts of Pump.fun, its founder Alon Cohen, and over 20 other cryptocurrency-related profiles. This sweeping move significantly impacts the cryptocurrency community, silencing key players in the memecoin and speculative trading spaces.

The suspensions extend beyond Pump.fun, targeting prominent trading platforms like GMGN, BullX, and Bloom Trading. Furthermore, even AI-based crypto tools, such as Eliza OS, were caught in the net, highlighting the broad reach of X's crackdown. A comprehensive list compiled by a user on X showcases the extensive nature of these account closures, confirming the widespread impact of this decision.

This action has dealt a considerable blow to many cryptocurrency businesses and influencers who heavily relied on X for communication and engagement with their user bases. The sudden silencing of these accounts left many in the crypto sphere scrambling to adapt to this new communication landscape.

While X issued a terse statement citing violations of platform rules, the reasons behind the suspensions remain unclear. Speculation abounds, with several theories gaining traction. One prominent hypothesis centers on the unauthorized use of third-party APIs, tools that automate interaction with the platform. Since X banned the use of unauthorized APIs in January 2023, requiring expensive official access, many believe that these suspensions are a direct result of attempts to circumvent these restrictions or related payment issues. The lack of transparent communication from X itself leaves the crypto community searching for answers. The situation underscores the evolving relationship between social media platforms and the cryptocurrency industry, highlighting the potential for unexpected regulatory shifts and platform policy changes to dramatically alter the operational landscape.