The official Pump.fun account and the personal handle of its founder Alon Cohen were seemingly suspended by X on June 16, along with a cohort of other accounts tied to the memecoin sector.
As of press time, neither X nor the people behind the suspended accounts explained the reason for the suspensions.
Users noticed that the accounts were returning “user not found” errors at approximately 7:30 p.m. UTC, effectively removing the chief communication channel for the Solana-based memecoin launchpad site.
Memecoin-related accounts suspended
An X user identified as Otto compiled a list showing dozens of locked profiles, including handles tied to the GMGN and Bloom trading communities.
Affected accounts included @gmgnai, @haze0x, @arthur_gmgn, @BloomTrading, and @imBFFF00, as well as bot-infrastructure developers such as @bullx_io and @ElizaOS.
Otto described the event as an “internal enforcement sweep” rather than the result of coordinated mass-report campaigns. CryptoSlate has been unable to verify the claim.
Most of the frozen accounts provide trading tools, automated order routing, or marketing services for on-chain assets, functions that often interact with X’s rules on platform manipulation and spam.
However, the list also includes influencers and well-known traders in the memecoin circles.
Over $10M within an hour
Within the first hour of the account’s disappearance, users flooded Pump.fun with memecoins referencing the suspension and the founder’s alias.
DEX Screener data as of 8:22 p.m. UTC show five of them among the top 10 tokens trending for the day. Collectively, they accounted for $10.4 million in volume at the time.
Furthermore, 15 out of the 31 tokens that fulfilled the bonding curve and “graduated” from Pump.fun within one hour after the ban were related to the episode.
According to a Dune dashboard by user adam_tehc, the suspension-related tokens that graduated represent 9% of all memecoins that completed the bonding curve on June 16.
