- The X accounts of pump.fun and its founder have been suspended.
- Several other memecoin related accounts have also been fueling speculation online.
- Other accounts banned are linked to GMGN, Bloom Trading, BullX and others.
- The platform provided no reason for the suspensions, leading to speculation about policy enforcement or regulatory intervention.
In a surprising move, X has suspended multiple high profile accounts linked to the Solana memecoin ecosystem, including the official handle of popular launchpad Pump.fun and the personal account of its founder, Alon Cohen.
As of late Monday evening, both the “@pumpdotfun” and Cohen’s “@a1lon9” accounts remained inaccessible, displaying the standard “user not found” error message.
The suspensions appear to have begun around 7:30 p.m. UTC and were quickly flagged by users within the crypto community.
Also affected were a host of other memecoin-related accounts and services including GMGN, Bloom Trading, BullX.
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A user known as Otto compiled a growing list of suspended accounts, highlighting the scope of what now appears to be a coordinated crackdown.
While X has not provided an official explanation for the bans, speculation is mounting. Some observers suggest the suspensions may be linked to ongoing regulatory scrutiny.
Pump.fun, which played a central role in the recent Solana memecoin boom, has previously faced criticism for enabling the creation and promotion of dubious token projects.
In January, the platform was hit with a proposed class-action lawsuit alleging it facilitated the sale of unregistered securities, reportedly earning nearly $500 million in fees.
Despite the social media blackout, Pump.fun’s core platform remains operational. Earlier this month, reports emerged that the project was planning a $1 billion token sale at a $4 billion valuation, though details remain very little.
As of now, no official statement has been provided by Pump.fun.
