Social media giant X suspended Pump.fun’s official account and co-founder Alon Cohen’s personal handle on June 16, alongside other memecoin-related platforms including GMGN, Bloom Trading, BullX, ElizaOS, and more earlier on Tuesday.
The platform issued no reason, triggering speculation about internal policy enforcement or wider regulatory intervention, but sparked grapevine talk in crypto circles of a possible legal crackdown on such products.
📖 Related Reading
- 📰 Asia Morning Briefing: BTC Slips Below $110K as ‘Signs of Fatigue’ Emerging
- 📰 Shiba Inu Price Sell-Off Continues as SHIB Burn Rate Skyrockets to 112,000%
Pump.fun’s website remains live as of Asian morning hours Tuesday, continuing to churn out Solana memecoins uninterrupted.
Theories range from unauthorized livestream or API abuse, pump-and-dump mechanics, or early-stage SEC activity. So far, none of these theories have been confirmed by platform officials or regulators.
Last November, concerns over unsafe livestream content, ranging from threats of violence to explicit stunts, forced the team to disable the feature entirely.
🔗 You Might Also Be Interested In
Asia Morning Briefing: BTC Slips Below $110K as ‘Signs of Fatigue’ Emerging
Shiba Inu Price Sell-Off Continues as SHIB Burn Rate Skyrockets to 112,000%
Trump’s Crypto Ties at Forefront as U.S. Lawmakers Weigh Crypto Market Structure Bill
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!