Suspension of Meme Coins on Twitter Has Begun: The Biggest One Was Shut Down!
The social media giant X suspended the official account of Pump.fun and the personal profile of co-founder Alon Cohen on June 16.
The crypto community is questioning why meme coin platforms, especially those popular on the Solana (SOL) network like Pump.fun, are being targeted by X. Accounts of recognized names in the meme coin sector such as GMGN, Bloom Trading, BullX, and ElizaOS have also been suspended, while the lack of any official statement from platform authorities raises speculation.
Among the claims made are unauthorized live streaming and API exploits, while some users interpret this move as a precaution against pump-and-dump (price manipulation) mechanisms or as a sign of an early-stage investigation initiated by the U.S. Securities and Exchange Commission (SEC). However, official sources have not yet confirmed these theories.
The Pump.fun team had previously been forced to completely disable the live streaming feature in November due to unsafe live stream content. This content included many dangerous materials ranging from threats of violence to inappropriate demonstrations.
For now, the platform's website remains active, and Solana meme coin production continues uninterrupted. The suspension of accounts raises questions about whether this is a precursor to a broad legal oversight in the crypto market or merely a step pertaining to the platform's internal policy.
