Solana-Based Pump.fun Among Crypto Platforms Suspended from X
Recent Developments in the Crypto Space
In a surprising turn of events, the Solana-based meme coin launchpad Pump.fun has had its account suspended from X, alongside other prominent cryptocurrency platforms, including GMGN and trading tool BullX. The official reason for the suspensions remains unclear, sparking widespread speculation within the crypto community.
Accounts Suspended Without Explanation
On June 17, 2025, Pump.fun’s X account displayed a generic notification stating that "X suspends accounts which violate the X Rules." Additional accounts affected by the suspension include those belonging to trading tools like BullX and GMGN, as well as Eliza OS, an AI agent platform. The sudden action has left many users and founders puzzled, particularly as the decision was made without prior warning.
Among those impacted are Pump.fun co-founder Alon Cohen and Shaw Walters, the founder of ElizaOS. In the wake of their account’s suspension, GMGN took to Telegram to announce that they are currently appealing the decision and are determined to restore their account promptly.
GMGN’s Response
In their communication, GMGN reassured their followers that business operations would continue as usual during the appeal process. “Our team is conducting a thorough investigation into the matter and remains in close communication with X to expedite a resolution,” the message stated, indicating a proactive approach to addressing the situation.
Claims of Foul Play
BullX, which claimed to have been “mass reported,” also referred to viral claims that the platform was shutting down. They attributed these allegations to “certain individuals with ulterior motives,” suggesting possible sabotage behind the surge of complaints against their accounts.
Speculation Surrounding the Suspensions
While the reasons for the account suspensions have not been officially disclosed, speculation from the X community indicates that these actions may be connected to potential API abuse. There are concerns that the affected platforms might have been using unofficial APIs to scrape data from X without compensating for premium services.
Additionally, rumors have circulated about a possible investigation by the SEC into Pump.fun, although no definitive proof has been provided, nor has there been any official communication from the regulator.
Growing Concerns About the Meme Coin Ecosystem
The crypto community has expressed increasing unease regarding the Solana meme coin sector. High-profile incidents, such as extreme live promotional stunts where individuals have threatened self-harm if their coins did not reach certain price points, have raised alarms. One shocking incident included a developer staging a fake hanging to generate hype for a coin, which ultimately led to Pump.fun prohibiting live streaming for promotions.
In another controversial move, Jeffy Yu, creator of the meme coin Zerebro, falsely announced his suicide to promote his project, only to be discovered hiding out at his parents’ home after the media began investigating the claim.
Conclusion
As the situation develops, the future of Pump.fun and its associated platforms hangs in the balance. The crypto community is watching closely, eager to understand the broader implications of these suspensions in an already turbulent market. The incidents serve as a stark reminder of the risks and scrutiny that meme coins face, particularly in an ecosystem characterized by volatility and a lack of oversight.
Decrypt remains committed to covering these developments as new information emerges.