Pump.fun was abruptly suspended. | Credit: Richard Baker / In Pictures via Getty Images.
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Key Takeaways
Pump.fun and its founder’s X accounts were restored just 24 hours after being suspended.
The sudden suspension on Monday fueled speculation of a broader meme-related purge.
The exact cause remains unclear, though many suspect spam violations or suspicious links may be to blame.
On June 18, the X accounts of Pump.fun and its founder were quietly restored—yet neither has explained the reason behind the abrupt suspension.
The popular memecoin launchpad was suddenly booted from X on Monday, along with its founder’s personal account, catching the crypto community off guard.
There was no warning, no statement, and no immediate path to clarity. Now, speculation is running wild as users try to piece together what really happened.
Solana-based memecoin launchpad Pump.fun marked its return to X with a lighthearted post: “Is this thing on?”
Meanwhile, founder Alon Cohen shared an Israeli flag, offering no further comment on the suspension.
Despite the reinstatement, more than 20 other accounts—including ElizaOS, GMGN, BullX, and others—remain suspended.
X has previously taken action against crypto-related accounts, especially those linked to scams or unregulated gambling promotions.
A Memecoin Crackdown in the Making?
The suspensions weren’t isolated. A number of accounts tied to memecoin tools and trading infrastructure also went dark, fueling rumors of a broader cleanup targeting the memecoin ecosystem on X.
So far, neither X nor Pump.fun has confirmed the reason behind the takedowns. But that hasn’t stopped speculation.
One of the more prominent theories involves a controversial liquidity extraction mechanism allegedly used by Pump.fun, nicknamed “Liquidity Harvesting 2.0.”
X notification for Pump.fun. Source:X
According to X user Mary, funds appeared to mysteriously drain from retail wallets and reappear in wallets with “yacht-shaped” behavior—hinting at covert profiteering by insiders.
The ban came just as the community began referring to Pump.fun’s homepage as the “Slot Machine of DeFi”—a meme that may have raised red flags for X’s moderation team or external regulators watching the space more closely.
Spam, Bots, or Something Bigger?
This isn’t the first time X has clamped down on crypto activity.
In past months, the platform has suspended a number of accounts promoting memecoins, bots, or high-frequency trading tools, often citing violations of its policies on spam or platform manipulation.
Several memecoin accounts remain suspended. Source: X
Pump.fun’s account may have been caught in that net, especially given its role in rapidly launching memecoins and driving viral engagement.
According to X’s terms of service, artificially boosting engagement, promoting spammy links, or misleading users can all result in suspension—though in practice, enforcement has been sporadic and sometimes opaque.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
Beyond his professional pursuits, Prashant is an avid music enthusiast, often exploring diverse genres to unwind. A sports lover, he has a particular passion for cricket and frequently engages in discussions about the game. His multifaceted interests and sharp journalistic instincts make him a valuable contributor to CCN, where he continues shaping the crypto landscape's narrative.
