On June 16, 2025, social media platform X (formerly Twitter) suspended dozens of cryptocurrency – focused accounts, including those affiliated with the popular meme coin launch platform Pump.fun. The official Pump. fun account and the personal handle of its co – founder Alon Cohen were among those suspended. Additionally, accounts such as @gmgnai, @haze0x, @arthur_gmgn, @bloomtrading, and @imbfff00, as well as bot – infrastructure developers like @bullx_io and @eliza_os, were also affected.
As of press time, neither X nor the people behind the suspended accounts have provided an explanation for the suspensions. X only showed its standard disclaimer that “X suspends accounts which violate the X rules”. Users noticed that the accounts were returning “user not found” errors at approximately 7:30 p.m. UTC, effectively removing the chief communication channel for the Solana – based meme coin launchpad site.
Industry observers have put forward several speculations about the reasons for these suspensions. One possibility is the unauthorized use of third – party APIs to circumvent X’s paid API structure. Many of the affected accounts operated crypto trading bots, real – time price trackers, and meme coin sniping tools, which rely on continuous data access, and using unauthorized APIs could violate X’s platform policies. Another factor could be the increasing regulatory pressure. Pump. fun is currently facing a class – action lawsuit alleging that it facilitated the sale of unregistered securities, and X may be trying to limit its exposure to entities under regulatory scrutiny. Concerns about manipulative behavior have also emerged, as some platforms may have engaged in pump – and – dump schemes or promoted highly speculative tokens with little transparency, which could violate X’s policies and attract regulatory action.
Despite the suspension of its X account, Pump. fun’s core platform remains operational, and the project has not announced any delays or changes to its token launch plans as of now. Several of the affected accounts, including gmgn, have confirmed that they have initiated appeals, hoping to restore their accounts as soon as possible. The incident highlights the growing tension among crypto platforms, social media networks, and regulators in the expanding cryptocurrency industry. Observers will be closely watching for further developments from both X and regulators, as well as updates on Pump. fun’s upcoming token launch.
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