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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.
Authors credited by the source: Shaurya Malwa
Published by Holder based on an external source.
