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X has initiated a significant crackdown on the memecoin sector, resulting in the suspension of multiple accounts, including those of Pump.fun and its co-founder, Alon Cohen.

Memecoin Launchpad Accounts Suspended

On Monday, June 16, 2025, the official social media accounts for Pump.fun, a Solana-based memecoin launchpad, and its co-founder Alon Cohen were taken offline on X (formerly known as Twitter). When accessed, these accounts now display the message “Account suspended,” along with X’s standard notice about violations of its platform rules.

The suspensions appear to be part of a broader enforcement action targeting accounts associated with the memecoin ecosystem. Over 20 accounts have reportedly been affected, including those tied to trading platforms such as BullX, Bloom Trading, and GMGN.

Focus on Automated Trading and Bot Infrastructure

Many of the suspended accounts are linked to bot infrastructure and automated trading tools. These tools are commonly employed for launching tokens, sniping early trades, and managing memecoin positions. Such activities have been under scrutiny due to their potential to enable market manipulation and questionable trading practices.

Why Pump.fun Was Targeted

Pump.fun has garnered significant attention since its launch, primarily for its user-friendly approach to creating and trading new tokens. However, this accessibility has also made it a hotspot for malicious projects, including rug pulls and pump-and-dump schemes. These issues have subjected the platform to criticism and even legal action, with two lawsuits filed against it earlier this year.

The recent enforcement actions may also be linked to the platform’s use of third-party APIs, which X officially banned in January 2023. This speculation has been echoed by community members, though X has yet to release an official statement regarding the suspensions.

Community Reaction and Next Steps

Neither Pump.fun nor its co-founder has publicly addressed the account suspensions. It remains unclear whether the bans are temporary or permanent. GMGN, another affected platform, issued a statement via Telegram acknowledging the suspension and confirming that they are working with X to resolve the issue.

What This Means for the Memecoin Sector

The crackdown highlights the growing scrutiny on memecoin projects and their associated tools. As the sector continues to evolve, platforms and traders may need to adopt more transparent and compliant practices to avoid similar actions.

For beginners and intermediate-level investors interested in cryptocurrencies, it’s essential to exercise caution when engaging with new tokens. Here are some tips to consider:

  • Research the team and project before investing.
  • Avoid tokens that lack clear use cases or transparency.
  • Be wary of projects with overly aggressive marketing or unrealistic promises.
  • Use trusted platforms and tools for trading and wallet management.

As the regulatory and operational landscape for cryptocurrencies continues to shift, staying informed and vigilant is key to navigating this emerging market effectively.

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