pumpFun

The legal battle lawsuit against the memecoin launchpad Pump.fun is heating up, and the firm is gearing up to fight.
Pump.fun’s parent company, Baton Corporation, has hired several high-profile attorneys to bolster its defense in its ongoing legal battles. The new hires include crypto litigation experts from the international law firm Brown Rudnick, including a former SEC investigator, Daniel L. Sachs.
The move aims to strengthen the firm’s defense team as it battles a series of allegations from Burwick Law, a New York-based firm that launched its legal campaign against the platform earlier this year.
Burwick first served Pump.fun with a class action lawsuit in January, accusing the platform of various forms of misconduct. The firm alleged that the platform’s offerings violate U.S. securities laws, and claimed that it artificially inflates token prices for personal gain, thereby causing significant losses for investors.
A second filing followed shortly after, expanding the case to include the platform’s co-founders, Baton Corporation, and other key figures behind the project. Burwick Law’s CEO also accused Pump.fun of attempting to intimidate and derail the legal process, after several tokens allegedly tied to his family appeared on the platform in a fraudulent fundraising scheme.
The recent suspension of the official X accounts of Pump.fun and its co-founder Alon Cohen reignited Burwick Law’s campaign. The firm posted shortly after the takedown, leveraging speculation that the move may have been linked to the nature of the platform’s services to renew calls for more affected investors to join the class action lawsuit, which now includes over 500 participants.
However, Pump.fun isn’t the only project under Burwick’s legal spotlight. The firm is also leading lawsuits against other similar platforms, including BULLX, DexScreener, GMGN, and more.
#altcoins #pumpfun

Have you heard that X (formerly Twitter) suddenly blocked more than 20 large cryptocurrency accounts? At the center of this resonant event is the Pump.fun, a platform that helps launch memcoins, and its co-founder Alon Cohen. Their accounts just disappeared, and the community is now wondering what it was all about.
But it's not just about Pump.fun. Other projects were also distributed: GMGN, BullX, and Bloom Trading trading platforms, as well as an AI—based tool, Eliza OS. These accounts were important communication hubs for crypto enthusiasts, and their disappearance disrupts the usual communication channels.
Interestingly, X explains almost nothing. All that the victims received was a standard message about a "violation of the rules." Users and analysts build their theories: some blame the use of third-party APIs, others blame massive complaints from disgruntled followers. In any case, there is no clarity, and the community is literally stewing in guesses.
I am particularly concerned that such actions may be the beginning of a broader purge. Social media has always played an important role in the crypto world — as a platform for promoting projects, communicating with an audience, and even launching tokens. If X has really started strict moderation of the crypto content, it could seriously affect the entire sector.
Some teams have already started to file appeals, but it is not yet known how much this will help. Meanwhile, the rest of us can only watch and guess — will these blockages become a one-time action or the new norm?
Do you think this is a temporary outbreak or the beginning of a new stage of censorship of cryptocurrencies in social networks?
#X #pumpfun #CryptoNewss #crypto

#PumpFun (@pumpdotfun), a popular #Solana -based meme token launch platform, was recently suspended from X — but they’ve been making major moves behind the scenes.
Since May 19, 2024, the platform has sold around 4.1 million SOL, worth nearly $741 million, at an average price of $180.

Here’s the full breakdown:
🔹 264,373 $SOL sold for $41.64 million $USDC at $158
🔹 3.84 million #SOL , worth $699 million, sent to Kraken at $182
Why is Pump.fun selling so much?
Is this an exit strategy, or are they just managing risk?

#XAccountSuspended #FOMCMeeting

#pumpfun Suspended: Is X Coming to Harshly Intervention Against Solana Memecoins?
On June 16, 2025, social media giant #X (formerly Twitter) suspended the official account of the popular #solana -based memecoin platform Pump.fun and the personal profile of co-founder Alon Cohen. While the crypto community was very surprised by this development, the fact that not only Pump.fun but also other well-known projects in the industry such as GMGN, Bloom Trading, BullX and ElizaOS were also suspended suggests that the scope of the incident could be much larger.
Silence Increases Speculation
The lack of an official statement from the platform officials or X has paved the way for speculation. Among the most talked about possibilities among the crypto community:
Unauthorized livestream content
API access abuse
Price manipulation (Pump-and-Dump) allegations
Early investigations by the SEC (U.S. Securities and Exchange Commission)
serious allegations such as. Although none of these scenarios have been confirmed by the authorities yet, the developments could be the first sign of a significant oversight process.
Previously Involved in Controversial Content
Pump.fun is known to have been in the news for controversial content before. In November 2024, the platform was forced to completely shut down its livestream feature due to unsafe and disturbing livestreams. The platform briefly faced a major backlash due to violent threats, obscene posts, and content that violated community rules.
Pump.fun Still Active — But Question Marks Are Rising
For now, Pump.fun’s website is active and the production of Solana-based meme coins continues as normal. However, the suspension of X accounts has seriously weakened the project’s public face. This creates uncertainty for both investors and the crypto market as a whole.
What Does This Development Mean?
Is It a New Wave of Regulation for Crypto?
Given the increasing regulatory pressure in the US, these suspensions could be part of a potential regulatory oversight.
Is It X’s Own Policy?
According to the alternative view, this intervention could be an extension of X’s new moves towards content policies or platform security. The platform, under the management of Elon Musk, may be implementing stricter rules, especially for projects that produce highly engaged but controversial content.
Are Alarm Bells Ringing for Memecoin Projects?
The rapidly growing memecoin craze on the Solana network is quickly gaining high engagement thanks to its low-cost token creation systems. However, this growth has also started to attract the attention of regulators.
As a result, the suspension decision against Pump.fun is not only a change in internal policy in the crypto sector; it could also be a sign of a larger wave of regulation to come. The lack of transparency and reliability leaves memecoin projects vulnerable to regulators. We continue to monitor developments.
#FOMCMeeting #MarketRebound

Social media platform X (formerly Twitter) has suspended the accounts of memecoin platform Pump.fun and its co-founder Alon Cohen, as part of a broader sweep that has affected over 20 crypto-related accounts.

As of Monday, both the main Pump.fun account and Cohen’s personal handle displayed suspension notices. X has not provided specific reasons for the bans, citing only its standard explanation that the accounts violated the platform’s rules.

The suspension wave has also impacted crypto projects GMGN, BullX, Bloom Trading, and Eliza OS, according to a list compiled by X user “Otto.” The loss of visibility on X, a key communications hub for the crypto community, poses a major disruption for the affected platforms.

In a Telegram statement, GMGN confirmed its X account suspension and said it is "actively appealing" the decision while working closely with X to restore access.
Speculation Points to API Violations

While X has remained silent, speculation within the crypto community suggests the bans may be tied to unauthorized third-party API usage. X discontinued access to free third-party APIs in early 2023, with pricing for startups beginning at $60,000 per year.

Users have speculated that several of the suspended accounts may have skirted these restrictions using external tools—though no official cause has been confirmed.

Pump.fun’s Legal Woes

The crackdown comes amid growing scrutiny of Pump.fun, which enables users to easily create and launch memecoins. In January, the platform was hit with a class-action lawsuit accusing it of facilitating pump-and-dump schemes and allegedly collecting nearly $500 million in fees from the tokens launched via its system.

One user affiliated with Pump.fun’s marketing team suggested on X that the suspension may have been triggered by mass reporting.

As of publication, Pump.fun and its co-founder have not publicly commented, and X has yet to issue a formal statement on the matter.

$SOL #pumpfun