Pump.fun and Memecoin Accounts Suspended by X on June 16
On June 16, X suspended the official account of Pump.fun and co-founder Alon Cohen, along with other memecoin-related platforms such as GMGN, Bloom Trading, and BullX. No reason was provided, leading to speculation about policy enforcement or regulatory intervention.
Theories regarding the suspensions include:
- Unauthorized livestream or API abuse
- Pump-and-dump mechanics
- Early-stage SEC activity
Pump.fun's website remains operational, continuing to produce Solana memecoins. Past issues included unsafe livestream content, resulting in the feature's earlier disablement last November.