Pump.fun, the Solana-based memecoin launchpad that’s helped ignite a new wave of on-chain mania, is in the spotlight again, but this time, it’s not for launching another viral token.
The platform’s official X account, along with the personal profile of its founder Alon Cohen, has been suspended.
The takedown occurred late Monday, joining a string of removals impacting multiple other memecoin-related profiles across the social platform.
Growing speculation over suspension motives
As of the latest update, the accounts for “@pumpdotfun” and “@a1lon9” remain inaccessible, with X citing rule violations. However, the company hasn’t publicly disclosed which specific policies were breached.
This ambiguity has sparked widespread speculation within the crypto community, ranging from potential U.S. Securities and Exchange Commission (SEC) interest in broader enforcement around memecoin schemes.
Pump.fun has drawn criticism in recent months for enabling rapid-fire token launches, many of which are alleged to have been exploited by scammers through pump-and-dump strategies.
A proposed class-action lawsuit filed earlier this year alleged that the platform facilitated the sale of “highly volatile” unregistered securities and raked in nearly $500 million in fees in the process. Despite these concerns, the main platform remains live and operational at the time of writing.
Not an isolated case on X
Pump.fun’s ban wasn’t the only one that raised eyebrows. X has also suspended several other accounts tied to memecoin and trading activity, including GMGN, Bloom Trading, and BullX.
The clustering of these suspensions has led many users to believe this could be part of a coordinated policy enforcement campaign, perhaps even a shift in how X views the promotion of crypto projects, particularly those tied to memecoins.
No formal comment has been issued from X or Cohen regarding the suspensions. Meanwhile, Pump.fun continues to operate on-chain, and there has been no disruption in its token deployment functionality. Whether this will impact the platform’s rumored $1 billion token sale at a $4 billion valuation remains to be seen.
