After a 24-hour suspension, the accounts for Pump.fun and its founder have been restored on the X platform. This event has captured the attention of the crypto community.
Circumstances of Account Suspension
The suspension of several crypto-related accounts on the X platform occurred on Monday without a detailed explanation. According to information from Coinpedia, the 24-hour suspension of the Pump.fun account was likely due to malicious actions violating platform policies.
Pump.fun's Achievements Over the Year
In its first year, Pump.fun facilitated the launch of hundreds of thousands of memecoins on the Solana blockchain, with only a few gaining mainstream adoption. The fair launch model attracted numerous users and significantly impacted the Solana ecosystem, generating nearly $1 billion in revenue this year.
Impact on Solana Ecosystem
The success of Pump.fun contributes to the growth of Solana's memecoin ecosystem to nearly $10 billion and an average 24-hour trading volume of around $2.6 billion. The restoration of the platform is seen as a key factor for the long-term success of Solana amidst the anticipated approval of spot SOL ETFs in the United States.
The return of Pump.fun to the X platform emphasizes the significance of this project in the crypto industry and its contribution to the further development of the Solana ecosystem.
