The platform X (formerly Twitter) has conducted widespread suspensions of accounts related to memecoins, impacting the well-known memecoin platform Pump.fun and its co-founder.
Account Suspensions on X
On June 16, 2025, the X platform suspended the accounts of the memecoin launchpad Pump.fun and its co-founder Alon Cohen. When attempting to access the accounts, a message stating 'Account suspended' appears, accompanied by X's standard notice for violations of platform rules.
Reasons and Consequences
These measures appear to be part of a broader enforcement action targeting the memecoin sector. Over 20 accounts have been suspended, including those linked to trading platforms such as BullX and Bloom Trading. Many of the suspended accounts are associated with bot infrastructure or automated trading tools commonly used in token launches and memecoin trading. There is speculation that such actions are tied to the controversial services offered by Pump.fun, which gained notoriety for enabling users to easily create and trade new tokens, leading to an increase in malicious launches.
Community Reaction
So far, neither Pump.fun nor its founder has commented on the account suspensions. One of the affected platforms, GMGN, announced via Telegram that they are aware of the suspension and are working to restore access.
The situation surrounding the account suspensions in the memecoin sector highlights the growing concerns over abuses in the cryptocurrency space, as well as potential shifts in regulations for platforms like X.
