#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.
