Pump.fun, Memecoin Accounts Suspended by X Ahead of Major Token Sale

A wave of account suspensions by X (formerly Twitter) has disrupted the Solana-based memecoin ecosystem just as Pump.fun prepares for a billion-dollar token event. The platform’s official handle, along with co-founder Alon Cohen’s personal account, was taken offline on June 16, joining a growing list of crypto-native accounts removed without public explanation.

Other affected accounts include GMGN, Bloom Trading, BullX, and ElizaOS, all of which have ties to Solana memecoin launches or trading communities. The suspensions, which occurred without any accompanying statement from X, have ignited speculation of policy violations, API misuse, or even early regulatory intervention.

Despite the bans, Pump.fun’s website remains operational, continuing to facilitate memecoin launches on the Solana blockchain as of Tuesday’s Asian trading hours.

Community theories vary—ranging from prior livestream violations to unconfirmed rumors of pump-and-dump enforcement or SEC scrutiny. Some recall last November’s controversy, when the platform was forced to disable its livestream feature after a series of unsafe and explicit broadcasts.

The timing is notable, coming just as Pump.fun is reportedly preparing for a large-scale token sale that could attract heightened regulatory attention. Still, with no formal announcements from X, Pump.fun, or relevant regulators, the precise reason for the crackdown remains unclear.