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Accounts linked to Pump.fun, GMGN, and other Solana-based projects were suspended without warning, raising speculation about the reason.
June 17, 2025
In summary
Pump.fun, GMGN, and others were suspended from X due to unspecified violations.
Speculation links the ban to API abuse or increasing concerns about meme coins.
Meme coin launch platforms on Solana have faced increased scrutiny amid extreme stunts.
The X account of the Solana-based coin launch platform Pump.fun was suspended on Monday, along with a number of other cryptocurrency accounts that were removed from the platform without explanation.
The account now displays the standard message "X suspends accounts that violate X rules," but no additional details have been provided. Other affected accounts include trading tools such as BullX and GMGN, as well as the AI agents platform Eliza OS.
Some founders and team members were also affected, including Pump.fun co-founder Alon Cohen and ElizaOS founder Sho Walters.
GMGN stated in a message on its Telegram app that it is "actively appealing the decision and working to restore the account as soon as possible."
Source: Pump.fun/Decrypt
The top creator of Solana Meme Coin on Pump.fun earned $93,000 in three weeks.
A token creator on Pump.fun made a profit of $93,780 in just three weeks, thanks to the new creator revenue sharing feature launched by the platform. The wallet was responsible for creating the Moonpig meme coin, which reached a market value of $125 million last month. The Solana launch platform Pump.fun launched the creator revenue sharing feature last month, which splits 50% of the revenue generated from each token with the creator. Over the three weeks that followed, according to Dune data, $2.9 million was distributed to...
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During this time, our operations continue uninterrupted. Our team is conducting a thorough investigation into the matter and remains in close contact with the company involved to expedite a resolution, according to GMGN.
BullX claimed via Discord on June 13 that its account had been "mass reported." The company had previously been scrutinized after a post claimed it was shutting down. BullX stated that these claims were promoted by "people with hidden agendas."
Decrypt reached out to Pump.fun, GMGN, and Eliza OS. It could not find contact information for BullX.
The reasons for the suspension remain unclear.
Some X users speculated that the affected platforms were using unofficial APIs to collect X data without paying for premium developer tools.
Others pointed to a fake post circulating online, claiming that the SEC is investigating Pump.fun, despite no such notice appearing on the regulator's official account.
Others welcomed the project's closure due to increasing concerns about the Solana meme coin system, where rug pulls are common and there is little oversight, with several projects engaging in dangerous promotional tactics.
Empty pockets. Image: Shutterstock
The co-founder of Pump.fun says there are no plans to launch a token and speaks against the Meme Coin promoted by Base.
The co-founder of Pump.Fun, the Solana-based meme coin launch platform, rejected the controversial automatic token minting experiment conducted by Coinbase on the layer two network, stating that his platform has no intention of following this experiment. Alon Cohen, the co-founder, tweeted on Thursday: "There is a reality that what Base did might be considered normal in a few years, but it certainly is not today, and it has caused harm." This post was a direct response to the "Base for All" token that was automatically minted through...
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Among these, during a live stream promoting meme coins on platforms like Pump.fun, several individuals threatened to harm others, self-harm, or commit suicide if their tokens failed to reach specific market caps.
One developer even organized a fake hanging, prompting Pump.fun to ban live streams of promotional events.
In May, Jeff Yu, the creator of Zerebro, faked his own suicide in an attempt to boost his meme coin, even posting an obituary online, before local reporters discovered he was hiding in his parents' home.
