Pump.fun's X Account Suspended
Pump.fun Faces X Account Suspension
The X (formerly Twitter) accounts of Pump.fun, a Solana (SOL)-based meme coin launchpad, and its founder, Alon Cohen, have been suspended. This occurred shortly before the planned launch of the PUMP token, adding significant uncertainty to the project.
The suspension isn't isolated; at least 19 other crypto-related accounts were also suspended without explanation, leaving the crypto community speculating about the cause.
Reasons Behind the Suspension
The timing of the suspension is highly significant, given Pump.fun's ambitious plan to raise $1 billion through initial PUMP token sales. With over 457,000 followers, Pump.fun's X account was a crucial marketing and communication tool. The suspension could severely impact the token launch.
Despite the X account suspension, Pump.fun's website remains operational. Other platforms affected include GMGN, Bloom Trading, BullX, and the AI agent platform Eliza OS, along with its founder's account.
Speculation and Theories
The suspended accounts now display a message indicating violation of X's rules. The crypto community is rife with speculation, with some suggesting unauthorized API usage as a possible reason. One user theorized on X about API misuse:
“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,”
Another theory circulating involves a fake online post alleging SEC investigation; however, no official confirmation exists from the SEC.
It's important to note that Pump.fun is already facing a class-action lawsuit, unrelated to the SEC, filed in January 2025, alleging securities law violations and the generation of nearly $500 million in fees via unregistered token sales.
While official statements are awaited from X and the affected parties, GMGN acknowledged its suspension on Telegram, stating they were appealing the decision. The lack of transparency leaves the crypto community in suspense, particularly regarding the upcoming PUMP airdrop and the long-term impact on Pump.fun's reputation and operations.
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