X Unleashes Fury on Memecoin Sector: Pump.fun and Founder Caught in the Crossfire

Social Media Giant Suspends Key Accounts, Leaving Crypto World Reeling

Holy crypto crackdown, Batman! X has just dropped the hammer on the memecoin scene, wiping out a bunch of accounts in a single blow, including the big shots at Pump.fun and their fearless leader.

It all went down on Monday, June 16, 2025. The official Pump.fun and Alon Cohen social media profiles on X? Poof, gone. Just like that, they're off the grid, leaving behind nothing but a cold "Account suspended" message and some vague rule violation notice.

But wait, there's more! This isn't just a one-off hit. X is on a rampage, taking down over 20 accounts tied to the memecoin world. We're talking big names like BullX, Bloom Trading, and GMGN, all caught in the crosshairs.

What's the connection? Well, a lot of these suspended accounts are linked to the bots and auto-trading tools that make the memecoin game go round. You know, the stuff that lets you launch tokens, snipe those early trades, and juggle those meme positions like a pro.

X hasn't spilled the beans on why they're going nuclear, but the rumor mill is churning. The word on the street is that Pump.fun's wild ride might be the catalyst. Ever since they burst onto the scene, they've been the go-to spot for creating and trading new tokens like it's nothing.

But with great power comes great responsibility, right? Pump.fun's easy-peasy token creation has also opened the floodgates for some seriously shady stuff. We're talking rug pulls and pump-and-dump schemes left and right. No wonder they've been in the hot seat, even facing two lawsuits back in January.

Some folks are throwing out another theory, though. They're saying maybe these suspensions are because the accounts were using those third-party APIs that X banned back in January 2023. Who knows?

As for Pump.fun and Alon Cohen? Radio silence so far. We're left hanging, wondering if this is just a temporary timeout or a permanent goodbye. Meanwhile, GMGN is scrambling to get back in the game, reaching out to X to try and smooth things over.