A wave of suspensions hit several memecoin-linked accounts on X this week, with Pump.fun and its co-founder Alon Cohen among those removed from the platform. Other affected accounts include GMGN, Bloom Trading, BullX, and ElizaOS. The crackdown came without any public explanation from X, fueling speculation across crypto circles.

The timing coincides with Pump.fun’s preparations for a billion-dollar token sale. The project, which offers a simplified Solana-based memecoin launchpad, has seen explosive activity in recent weeks. With no official statement from X, questions remain about whether these removals stem from policy violations, external pressure, or potential regulatory involvement.

Pump.fun Remains Operational

Despite the social media bans, Pump.fun’s platform remains live and fully functional. Users continued creating and trading Solana-based memecoins as of Tuesday morning in Asia. The team has not issued a public statement addressing the account suspension or its implications.

The absence of details has opened the door to various theories. Some suggest Pump.fun may have violated X’s API policies or livestream terms. Others speculate the suspensions could be tied to market manipulation concerns or early-stage regulatory moves, possibly involving the U.S. Securities and Exchange Commission. None of these theories have been confirmed by either platform or regulatory authorities.

Livestream Controversy Resurfaces

The crackdown has also revived discussions around Pump.fun’s previously suspended livestream feature. In November, the team pulled the plug on the livestream tool after it became a hotbed for extreme and explicit content. While no direct link has been drawn between the earlier controversy and the current suspensions, the past issue adds weight to theories of platform violation.

What Comes Next

Until X or Pump.fun provides clarity; the industry remains in the dark. The lack of transparency leaves room for concern, particularly as regulatory scrutiny over meme tokens and trading platforms continues to grow. With Pump.fun at the center of a billion-dollar ecosystem and an increasingly mainstream memecoin surge, further action or clarification seems likely in the coming days.

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