Pump.fun and Other Memecoin Accounts Blocked by X Amid Speculation
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Pump.fun and Other Memecoin Accounts Blocked by X Amid Speculation

A significant crackdown occurred with the suspension of Pump.fun and other memecoin-related accounts, raising concerns about regulatory actions.

Overview

A recent large-scale suspension of accounts associated with Pump.fun, including co-founder Alon Cohen’s, has sparked discussions about potential enforcement actions regarding platform policies and regulations.

Key Highlights

  • On June 16, 2025, X blocked the official Pump.fun account and Alon Cohen’s personal profile, triggering concerns about regulatory scrutiny.
  • No official explanation was given for these suspensions, leading to speculation of either internal policy enforcement or regulatory oversight.
  • Despite these actions, Pump.fun’s site remains functioning and continues to offer Solana-based memecoins.

The ongoing discourse in crypto circles considers various theories, including unauthorized activities, potential pump-and-dump scenarios, and early SEC engagements. Although these claims circulate, official confirmations are lacking. Last November, the platform had to disable live streaming features due to unsafe content complaints.

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