The social media platform X has suspended the accounts of the crypto project Pump.fun, its co-founder Alon Cohen, and at least 19 other pages connected to cryptocurrency. The reasons behind the suspensions have not been disclosed. Representatives from the affected projects stated that they are attempting to regain access.
Crypto Users Discover Locked Pages
On Monday, users noticed that the Pump.fun page on X, along with the personal account of one of its co-founders, had become inaccessible. Instead of content, visitors saw a standard message indicating a violation of platform rules.
According to a list shared by a user going by the name “Otto,” the suspensions affected not only Pump.fun, but also the accounts of GMGN, BullX, Bloom Trading, and Eliza OS — an AI-based tool. In total, Otto reports that at least 20 accounts linked to crypto activity were suspended.
Projects Are Attempting to Regain Access
Representatives from GMGN announced in their official Telegram channel that they are aware of the suspension, have submitted an appeal, and are currently in contact with the X team. Their goal is to restore the account’s functionality as soon as possible.
Pump.fun and several other affected projects have yet to issue public comments. X has not released any official statement or explanation either.
Potential Reasons Behind the Suspensions
Some users speculated that the cause of the suspension could be attempts to bypass X’s paid API access, which, since 2023, requires a subscription starting at $60,000 per year. Certain projects may have used third-party APIs to interact with the platform, violating its terms.
Others believe the suspensions could be the result of mass reporting. A marketing representative from Pump.fun, known as Braden, suggested that the account might have been blocked due to “a wave of fake reports.”
Pump.fun and Allegations of Manipulation
Pump.fun remains one of the most controversial platforms in the memecoin space. It simplified the process of creating such tokens, drawing both enthusiasm and strong criticism. In January 2025, a collective lawsuit was filed against the platform. Plaintiffs alleged that Pump.fun facilitated the creation of pump-and-dump schemes and that every token launched through the platform was an unregistered security. According to the lawsuit, the platform earned roughly $500 million in fees.
Users have also pointed out that much of the activity on Pump.fun appears to be fake. An analysis by researcher Naveen_0505 suggests that trading bots may be simulating interest from retail traders, creating artificial liquidity, and pushing users to buy tokens.
X Remains a Crucial Channel for the Crypto Community
Despite recent developments, X continues to be the primary communication channel for the crypto community. As a result, even short-term account suspensions represent a significant disruption for affected projects.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.
