X Cracks Down on Pump.fun Ahead of Crucial Token Launch
X (formerly known as Twitter) has suspended the accounts of Pump.fun, a prominent meme coin launch platform built on the Solana blockchain (SOLUSD), along with the account of its founder, Alon Cohen, just before the anticipated launch of its PUMP token.
The crackdown extends beyond Pump.fun. At least 19 other crypto-related accounts have also been suspended without any official explanation.
Why Did X Suspend Pump.fun's Account?
The timing of the suspension is especially critical. According to BeInCrypto, the platform was preparing to raise $1 billion through the initial sale of its PUMP token.
With over 457,000 followers, Pump.fun’s X account served as a crucial platform for the project. Its removal could negatively impact the launch.
Pump.fun’s Suspended X Account
Despite the social media blackout, the Pump.fun website—which enables users to create and trade meme coins on the Solana blockchain—remains fully operational. In addition to Pump.fun, other platforms such as GMGN, Bloom Trading, BullX, and the smart agent platform Eliza OS, along with the account of its founder Show Walters, were also suspended.
The suspended X accounts, which now display the message “X suspends accounts that violate X’s rules,” have sparked widespread speculation within the crypto community. Market watchers have floated multiple theories. Some suggest the suspensions may be tied to the use of unauthorized APIs.
"End of an era. Pump dot fun and its founder Alon have been suspended on X. This space is reeling. Rumors say they used an API they didn’t pay for. Many other accounts tied to that API were banned as well," one user posted.
Others pointed to a fake online post claiming that the SEC is investigating Pump.fun. However, there has been no official confirmation from the regulator's account.
It is worth noting that Pump.fun is already facing a class-action lawsuit, though not from the SEC. In January 2025, plaintiff Diego Aguilar accused the platform of violating securities laws and generating nearly $500 million in fees from unregistered token sales.
For now, these remain unverified reports circulating online, and neither X nor the affected parties have confirmed the official reason behind the suspensions. However, GMGN did acknowledge the issue on Telegram.
"We’ve noticed that the official GMGN Twitter account has been temporarily suspended. Rest assured, we are actively appealing the decision and working to restore the account as soon as possible," the post read.
As the situation develops, stakeholders are awaiting further clarification from Pump.fun and others. The platform’s ability to proceed with the PUMP distribution and retain user trust will depend on how it handles this setback. Until an official statement is released, the crypto community remains on edge.
