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.

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