X Suspends Pump.fun and Other Crypto Accounts Without Explanation
Monday wasn’t a great day for several crypto-related accounts on X. The platform abruptly suspended the official profile of Pump.fun, a Solana-based meme coin launchpad, along with a handful of others—no warning, no clear reason. Just the standard notice about violating X’s rules.
Other accounts caught in the sweep included trading tools BullX and GMGN, as well as Eliza OS, an AI agent platform. Even some of the people behind these projects weren’t spared. Pump.fun co-founder Alon Cohen and ElizaOS founder Shaw Walters also found their personal accounts locked.
GMGN, in a Telegram post, said it’s trying to sort things out. The team claims it’s “actively appealing the decision” while keeping operations running as usual. BullX, meanwhile, suggested its account was “mass reported” after rumors spread that it was shutting down—something it denies.
Why Did This Happen?
Nobody really knows. X hasn’t given any specifics, leaving everyone to guess. Some users think it might be about data scraping—maybe these platforms were pulling info from X without paying for its official developer tools.
Then there’s the rumor mill. A fake post has been floating around, claiming the SEC is investigating Pump.fun. No such announcement exists on the regulator’s actual feed, but that hasn’t stopped people from speculating.
Others aren’t exactly heartbroken over the suspensions. The Solana meme coin scene has a reputation for being, well, messy. Rug pulls happen way too often, oversight is minimal, and some promoters have resorted to shock tactics to push their tokens.
The Dark Side of Meme Coin Hype
Things have gotten pretty wild. During live streams promoting coins on Pump.fun, some people have threatened self-harm—or worse—if their tokens didn’t hit certain price targets. One developer even staged a fake hanging, which led Pump.fun to ban live streams altogether.
Then there’s Jeffy Yu, creator of the Zerebro token. Back in May, he pretended to take his own life to drum up interest in his project. An obituary was posted online before reporters figured out he was just hiding at his parents’ place.
It’s hard to say whether any of this played a role in X’s decision. Maybe the platform just got tired of the chaos. Or maybe there’s a simpler explanation. For now, the suspended accounts are stuck waiting—and hoping—for answers.
(Edited by Sebastian Sinclair)
