“Meme Coin Factory” Pump.fun Gets Banned from X

Pump.fun, the popular and controversial Solana-based meme coin launchpad, has had its official X (formerly Twitter) account abruptly suspended. The move, which came without a public explanation from X, has triggered widespread speculation across the crypto community and casts a shadow over the platform’s upcoming, high-stakes token launch.

The account of Pump.fun co-founder Alon Cohen was also taken down on Monday. The suspension was part of a broader sweep on the social media platform that also affected several other crypto projects.

On Monday, was suspended without public explanation, displaying the platform’s usual blanket notice: “X suspends accounts which violate the X Rules.” The account of co-founder Alon Cohen was also , just hours after he joked about “accidentally innovating too hard.”

This suspension wasn’t isolated. It occurred as part of a broader sweep that also affected crypto projects , BullX, Bloom Trading, and AI agent platform Eliza OS. Founders and affiliated team members were .

While X has remained silent on the specifics, some speculate that the mass suspensions may be tied to the use of unauthorized third-party APIs, a practice X cracked down on last year with the introduction of a prohibitively expensive $60,000 annual API plan for startups.

Earlier this year, Pump.fun’s X account . Hackers used the platform’s official handle to promote a fake governance token named $PUMP, tricking users into believing it was an official launch.

The scam escalated when a follow-up post advertised a fake GPT-4.5 token, threatening to delete the Pump.fun account if it hit a $100 million market cap.

Pump.fun, built on Solana, lets users create and trade meme tokens in minutes. Its simplicity and viral success made it a meme coin heavyweight but also drew heavy criticism. Influencers began labeling it the “Slot Machine of DeFi,” implying that the platform incentivizes high-risk, fast-paced speculation.

Further, rumors of a feature dubbed AutoRug, a tool allegedly designed to instantly launch and shut down tokens, leaving bagholders in the dust, put the platform under substantial criticism.

These criticisms have intensified just as Pump.fun prepared for the launch of its own token, PUMP, amid hype, ticker renames on exchanges like Bybit and Binance, and an ambitious $4 billion valuation target.

Despite the suspension on X, Pump.fun remains operational via its website and Telegram. But losing access to its primary communication channel at a pivotal moment, right before a token launch, could significantly impact community engagement and trust.