1. Midnight bloodbath! GMGN system accounts have collectively vanished, the community is in an uproar.
This morning, when I opened my eyes, the old-school players in the crypto circle were all confused—Twitter (X platform) suddenly banned the accounts of top Chinese KOLs like 'Killing the Wolf', 'Wang Xiaoer', 'Wizard', 'GMGN official account', and founder 'Chicken Brother'! These accounts generally have follower counts between 100,000 and 500,000, with single tweets reaching over a million views, directly causing the GMGN ecosystem promotion channels to collapse.
Even more bizarre, the banned accounts all had GMGN gold label certification and had recently intensively promoted a meme coin named [PPMT]. On-chain data shows that PPMT surged 1800% in three days, but the liquidity pool was only $2.3 million, clearly a 'dog coin scheme'.
Old-school sharp reviews: X platform's recent actions are comparable to 'precise demolition', specifically targeting GMGN system accounts, either due to algorithm upgrades or directed human strikes!
2. The truth about account bans: Was PPMT dog coin crossing the red line, or did Musk wield the knife?
The community is buzzing with two major speculations:
$PPMT became the fuse: KOLs under GMGN crazily promoted this coin, with tweets frequently featuring enticing phrases like 'Just go for it' and 'Hundredfold divine coin', triggering X platform's 'misleading content' risk control rules. Internal sources indicate that the X algorithm has tagged keywords like 'AI Agent' and 'Meme Season' as high-risk labels.
Musk's personal will: Previously, he banned several journalists and comedians due to dissatisfaction with mocking tweets. However, this time the bans are concentrated in the Chinese-speaking region, and Musk has not publicly commented recently, making it less likely.
Core contradiction: GMGN internally insists that 'operations are normal', but the $PPMT contract address was not audited, and founder Chicken Brother's on-chain wallet was revealed to have preemptively held 21,000 PPMT, selling out for $370,000 after pumping. This operation blatantly shows 'cutting leeks'!
3. Blood and tears lesson: How can KOLs and project parties avoid being banned?
Stay away from promoting dog coins: New coins must be audited + listed on well-known CEX, otherwise don't touch them;
Decentralize content: Don’t put all traffic bets on Twitter, manage Telegram, Mirror, and Farcaster in parallel;
Avoid sensitive words: Use fewer enticing phrases like 'all-in', 'guaranteed profits', 'insider news';
Spare account matrix: When the main account is banned, the sub-account can quickly take over the traffic (but should avoid frequent IP switching).
Counterexample: KOLs under GMGN tweeted an average of 12 times a day in the 7 days before being banned, with 8 tweets containing the $PPMT contract address. At this frequency, who wouldn't get banned?
4. Industry earthquake: The 'life and death power' of centralized platforms.
This wave of account bans reveals a harsh reality—no matter how big the KOL, they are still juniors before platform rules! Data shows that the account ban rate for crypto KOLs on Twitter surged by 320% year-on-year in 2025, with reasons including:
High-frequency interactions were deemed 'bots' by the algorithm (45%);
Promotion of non-compliant assets (33%);
Involvement in politically sensitive content (22%).
Response strategy:
Project parties should switch to DAO community autonomous promotion, reducing reliance on centralized KOLs;
Investors should develop a habit of on-chain tracking, using Arkham and Nansen to monitor project party wallet movements;
Exchanges need to strengthen the review of MEME coin listings to filter out pure CX projects.
5. Casting hooks: Binance takes action to regulate dog coins, new compliance tools go live!
According to Binance's official announcement, on June 15, a 'MEME coin health rating system' will be launched, evaluating project risks from five dimensions including liquidity, number of holding addresses, and contract audits. Coins scoring below 60 will be forcibly delisted. At the same time, Binance Launchpool will debut the compliant MEME coin platform GMGI, focusing on 'KOL credit endorsement + on-chain audit transparency'.
Operational recommendations:
Uninstall unregulated exchanges, only use compliant platforms like Binance, OKX;
Participate in Binance's AMA tonight at 8 PM to receive $GMGI airdrop qualifications;
Sell all existing dog coins during the rebound and switch to BTC, ETH for risk aversion.
In the next layout direction, I plan to help everyone find those altcoin profit opportunities, expecting a tenfold return is not a problem. Like and comment, and I will guide you to layout for the entire bull market!