Formal Newswire Style
X Suspends Pump.fun and Memecoin Affiliates as Regulatory Speculation Mounts
In a move that has rippled through the memecoin ecosystem, X has suspended the accounts of Pump.fun, its co-founder Alon Cohen, and several affiliated memecoin projects, including GMGN, Bloom Trading, BullX, and ElizaOS. The suspensions, which occurred over June 16 and 17, have sparked concerns over both internal policy enforcement and potential regulatory developments.
No official reason has been given by X, leaving the door open to multiple interpretations. Industry observers have cited possible explanations ranging from API misuse or community guideline violations to preemptive regulatory pressure amid increased scrutiny of high-volume memecoin platforms.
Pump.fun remains operational, and its Solana-based launchpad continues to deploy tokens, even as its social reach has been disrupted just days before a highly anticipated billion-dollar token sale.
Notably, this isn’t the platform’s first brush with controversy. In late 2024, the team was forced to shut down its livestream feature after user-generated content veered into unsafe territory, including threats and explicit material.
While neither X nor regulators have commented on the removals, the timing and scope suggest increased tension between fast-moving crypto-native projects and platform-level governance standards.
