In brief
- Pump.fun, GMGN, and others have been suspended from X for unspecified violations.
- Speculation ties bans to API abuse or mounting concerns over meme coins.
- Meme coin launchpads on Solana have faced increasing scrutiny amid extreme stunts.
The X account of Solana-based meme coin launchpad Pump.fun was suspended on Monday, along with a host of other crypto accounts removed from the platform without explanation.
The account now shows the standard message that “X suspends accounts which violate the X Rules,” but no further details were provided. Other affected accounts include trading tools such as BullX and GMGN, as well as the AI agent platform Eliza OS.
Some founders and affiliated team members were also impacted, including Pump.fun co-founder Alon Cohen and ElizaOS founder Shaw Walters.
GMGN, in a message on its Telegram, said it was “actively appealing the decision and working to restore the account as soon as possible.”
“During this time, our operations continue uninterrupted. Our team is conducting a thorough investigation into the matter and remains in close communication with the X to expedite a resolution,” GMGN added.
BullX claimed via Discord on June 13 that its account had been “mass reported.” It was previously under scrutiny after a viral post claimed it was shuttering. BullX said the claims were spread by “certain individuals with ulterior motives.”
Decrypt contacted Pump.fun, GMGN, and Eliza OS. It was unable to find contact information for BullX.
The reasons for the suspensions remain unclear.
Some X users speculated that the affected platforms were using unofficial APIs to scrape X data without paying for its premium developer tools.
Others pointed to a fake post circulating online, alleging that the SEC is investigating Pump.fun, although no such notice has appeared on the regulator’s official account.
Others still welcomed the shutdowns due to growing concern around the Solana meme coin ecosystem, where rug pulls are common, there is little oversight, and a number of projects have engaged in dangerous promotional tactics.
Among them, during live streams promoting meme coins on platforms like Pump.fun, several people have threatened to abuse others, cause self-harm, or commit suicide if their tokens failed to hit specific market caps.
One developer even staged a fake hanging, prompting Pump.fun to ban live streaming for promotions.
In May, Zerebro creator Jeffy Yu faked his suicide in a bid to boost his coin, even posting an obituary online, before local reporters discovered he was hiding out at his mom and dad’s house.
Edited by Sebastian Sinclair
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