X Suspends Pump.fun Account Ahead of PUMP Token Launch, Community Fears Wider Crackdown

A series of social media accounts related to the cryptocurrency sector, notably the popular meme coin platform Pump.fun and its founder Alon Cohen, have been abruptly suspended from the X platform (formerly Twitter). The event took place just before Pump.fun was scheduled to announce its PUMP token issuance, raising concerns in the community about the unexpected intervention that could affect the multi-billion dollar fundraising campaign.

The Sudden and Widespread Suspension
According to multiple sources, not only Pump.fun but also at least 19 other accounts related to the crypto ecosystem were suspended simultaneously without any public explanation from X. The affected accounts include GMGN, Bloom Trading, BullX, Eliza OS, and the founders of these platforms.

The move has caused a stir due to its sensitive timing. Pump.fun, known as one of the fastest-growing meme coin platforms on the Solana network, is preparing for the official launch of its native token called PUMP. According to BeInCrypto, they aim to raise up to $1 billion from the community through a token sale.

Losing access to the official X account with over 457,000 followers could significantly impact the project's communication strategy and token issuance.

Many theories have been put forward, no official confirmation has been made
So far, there has been no official statement from X or the affected parties about the reason for the mass suspension. However, community members have come up with many theories. One of the common assumptions is that these platforms may have used X's APIs without paying fees or violating usage policies.

One user X shared that many of the suspended accounts all had integrations with the same API, raising suspicions of a violation of the platform’s technology terms of service.

Meanwhile, a fake post has been circulating claiming that the US Securities and Exchange Commission (SEC) is investigating Pump.fun, but there is currently no evidence or official announcement to confirm this.

It is worth noting that Pump.fun was sued by a class action lawsuit in January 2025. The plaintiff in the lawsuit, Diego Aguilar, accused the platform of generating nearly $500 million in revenue from transaction fees, while also violating securities laws by issuing unregistered tokens.

Impact on PUMP Launch Campaign and Community Credibility
The suspension of social media accounts at the time of preparing to launch the token could be a major blow to Pump.fun, not only affecting user outreach but also threatening to shake confidence in the project. However, Pump.fun’s official website remains operational, and its meme coin creation and trading functions on Solana remain intact.

Other platforms such as GMGN have also confirmed the suspension and said they are working with X to appeal the decision. In a statement posted on Telegram, GMGN said: “Our official Twitter account has been suspended. The team is currently working on it and will provide updates as they become available.”

The incident also raises larger questions about the risks of relying on centralized social media platforms in Web3 communications. When marketing campaigns and token distribution rely so heavily on channels like X, any disruption could undermine the entire operational strategy.

Conclusion
The mass suspension of cryptocurrency accounts on X, including Pump.fun, is causing controversy and concern in the Web3 community. While the cause has not been officially confirmed, stakeholders are under great pressure to maintain transparency and strengthen user trust ahead of major events such as the PUMP token launch.

With accounts frozen at such a crucial stage, the question is whether this incident is simply a technical breach, or part of a broader trend of Web2 platforms tightening control over the decentralized finance sector. The developments in the coming days will be a major test of crypto projects' ability to react and adapt to the risks posed by centralized platforms.