Social media platform X has suspended the accounts of popular memecoin launchpad Pump.fun and its co-founder, Alon Cohen, as part of a sweeping crackdown on crypto-related profiles that unfolded on June 16, 2025.
The suspensions come without explanation, as the affected accounts now display only X’s standard notice: “X suspends accounts which violate the X Rules.” At least 20 crypto-affiliated accounts were taken offline in the apparent enforcement blitz, including those linked to trading platforms GMGN, BullX, Bloom Trading, and the AI agent tool Eliza OS, according to a list compiled by X user “Otto.”
X, formerly known as Twitter, has long served as the primary communication channel for much of the crypto industry. Mass suspensions such as these pose a significant disruption for platforms that rely on X for real-time updates and user engagement. X did not respond to requests for comment, and Pump.fun has not issued an official statement.
API violations suspected but unconfirmed
Speculation is swirling over the cause of the suspensions. Several X users pointed to the alleged use of third-party application programming interface or APIs—a practice X began restricting in early 2023 in favor of its own premium service. Twitter charges a minimum of $60,000 per year for this service. Some suspect the suspended accounts may have used external tools to bypass the costly subscription tiers, though no official explanation has been provided.
GMGN, one of the affected platforms, it is “actively appealing the decision and working to restore the account as soon as possible,” and is in ongoing communication with X to resolve the matter.
Pump.fun faces legal pressure over memecoin activity
The suspension also follows renewed scrutiny of Pump.fun, a platform that simplifies the creation of memecoins—highly speculative digital tokens often criticized for lacking utility or intrinsic value. While some celebrate the platform’s accessibility, others argue it facilitates unethical trading practices.
In January, Pump.fun was named in a class-action lawsuit accusing the platform of enabling pump-and-dump schemes. The suit alleges that every token launched via Pump.fun constitutes an unregistered security, and that the platform earned nearly $500 million in fees from these tokens.
An X user claiming to handle Pump.fun’s marketing suggested that “mass reporting” may have triggered the account bans, though this claim remains unverified.
For now, the crypto community remains in the dark as the wave of suspensions fuels debate over X’s policies and the fine line between platform enforcement and overreach.