In a sweeping enforcement move, social media platform X (formerly Twitter) has suspended the account of meme coin platform Pump.fun and its founder, Alon Cohen, as part of a broader crackdown on crypto-related accounts.
The suspensions, which occurred over the weekend, are believed to be part of a mass ban targeting projects suspected of violating the platform’s rules on manipulation, spam, or misleading financial activity.
Pump.fun is a Solana-based meme coin launchpad that allows users to quickly create and trade tokens. It has gained significant traction in recent months, with many community-generated coins going viral.
Alon Cohen, the project’s founder, was also active in promoting the platform and engaging with users across the crypto ecosystem.
Mass suspensions spark backlash in Web3 and Solana communities over X’s crypto policies
The mass suspension has sparked backlash and confusion within the Web3 and Solana communities, many of whom are questioning X’s moderation policies and the criteria used to target crypto accounts.
While X has yet to issue an official statement, the move has raised concerns about the growing tension between decentralized finance platforms and centralized social media control.
The incident follows a broader trend of increasing scrutiny toward crypto marketing and promotions, particularly in the wake of high-profile scams and regulatory pressure on digital asset platforms.
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X cracks down on memecoin accounts amid growing concerns over scams and market manipulation
X (formerly Twitter) is cracking down on memecoin-related accounts amid rising concerns over market manipulation, scams, and spam.
The platform has recently suspended several high-profile accounts linked to memecoin projects, including Pump.fun and its founder Alon Cohen.
This mass action appears to be part of a broader effort to clean up misleading financial content and enforce stricter rules around crypto promotions.
The memecoin space, particularly on Solana, has exploded in popularity, but it has also attracted bad actors who use bots, misleading tactics, or pump-and-dump schemes to exploit retail investors.
With growing regulatory scrutiny on digital assets and increasing pressure on platforms to curb financial misinformation, X is likely aiming to distance itself from potentially harmful or unregulated activity.
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X tightens grip on memecoin scene with sweeping account suspensions
Founder Alon Cohen and the meme coin platform Pump.fun were suspended from X as part of a broader purge targeting several memecoin-related accounts, including GMGN, Bloom, and BullX.
The wave of suspensions has sparked speculation across the crypto community, with some suggesting it may be linked to an unpaid API bill, possibly involving X’s premium data services.
Adding to the chaos, rumors are swirling that a highly anticipated $1 billion token raise connected to these projects may now be in jeopardy.
While X has not issued an official statement, the crackdown has raised concerns over platform policies and transparency, especially as crypto projects increasingly rely on social platforms for growth, communication, and community engagement.