Crypto memecoin platform Pump.fun and its co-founder Alon Cohen were among over 20 crypto-related accounts suspended by X in a sweeping crackdown that started Monday.
X Suspends Pump.fun and Other Crypto Accounts Without Explanation
Social media platform X (formerly Twitter) has suspended the official account of Pump.fun, a popular memecoin creation platform, along with the account of its co-founder Alon Cohen. As of Monday, both accounts displayed the standard message: “X suspends accounts which violate the X Rules.” No further explanation has been given.
At least 19 more crypto accounts have also gone offline, including those linked to GMGN, BullX, Bloom Trading, and Eliza OS, according to a list compiled by the X user “Otto.”
Crypto Community Impacted as Suspensions Mount
X has long been a hub for the crypto community. Suspensions like these disrupt communication channels between crypto platforms and their followers—especially during market activity spikes or project launches.
Pump.fun has not yet issued an official comment. X has also remained silent on the matter.
GMGN Responds, Appeals Suspension
In a statement on Telegram, GMGN confirmed it was aware of the ban and said it is “actively appealing the decision and working to restore the account.” The team also noted that it remains in “close communication with X to expedite a resolution.”
Speculation Points to API Rule Violations
Crypto users on X have speculated that the wave of suspensions may be linked to the unauthorized use of third-party APIs. X banned external API use in early 2023, instead pushing for adoption of its in-house API suite—where startup-level access reportedly begins at $60,000 annually.
Some speculate that platforms may have tried to avoid the high costs by using alternative tools, potentially violating X’s developer policies. However, no official cause for the suspensions has been confirmed.
Pump.fun Faces Legal Scrutiny Over Memecoin Practices
The controversy comes just months after Pump.fun was named in a class-action lawsuit alleging it facilitated pump-and-dump schemes. Filed in January, the lawsuit claims that every token created via Pump.fun qualifies as an unregistered security, and that the platform earned nearly $500 million in fees.
An X user named Braden, who says they handle marketing for Pump.fun, dismissed the suspension as likely due to “mass reporting bs [bullshit]”, though this too remains speculative.
What’s Next?
While the real reason behind X’s suspension blitz is still unclear, the incident highlights growing friction between crypto platforms and centralized social media services. For projects like Pump.fun, which rely heavily on X to engage users, such bans can deliver serious operational blows.
