Crypto Chaos: Pump.fun’s Suspension Leaves Meme Coin Fans in Tears! 😂💔

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Well, folks, it seems the X (formerly Twitter) has decided to play the role of the strict parent, suspending the accounts of Pump.fun, a meme coin launchpad that’s as popular as cat videos on the internet. And let’s not forget its founder, Alon Cohen, who’s probably crying into his crypto wallet right now. 💸

But wait, there’s more! This isn’t just a one-account drama; at least 19 other crypto-related accounts have been suspended too! It’s like a digital game of whack-a-mole, but with fewer moles and more memes. 🤷‍♀️

Why Did X Suspend Pump.fun’s Account?

The timing of this suspension is as suspicious as a cat in a dog park. According to BeInCrypto (which sounds like a superhero for crypto enthusiasts), Pump.fun was gearing up to raise a whopping $1 billion through initial sales of the PUMP token. Talk about a pump and dump! 💥

With over 457,000 followers, Pump.fun’s X account was the lifeblood of the project. So, this ban could be the equivalent of throwing a wrench in a well-oiled meme machine. 🛠️

Despite the social media blackout, Pump.fun’s website is still up and running like a caffeinated squirrel. Other platforms like GMGN, Bloom Trading, BullX, and the AI agent platform Eliza OS (yes, that’s a thing) are also feeling the heat. 🔥

Account suspended

Black day for pump fun and the whole @solana ecosystem.

— Andron.eth (@rejoice022) June 16, 2025

The suspended accounts now display a message that reads, “X suspends accounts which violate the X rules.” This has left the crypto community buzzing with theories. Some think it’s linked to unauthorized API usage. Because who doesn’t love a good conspiracy theory? 🕵️‍♂️

“End of an era. Pump dot fun and its founder, Alon, were suspended on X. This space is healing. Rumors say they used an API they did not pay for. Many other accounts tied to that API were banned,” a user posted.

And just when you thought it couldn’t get crazier, there’s a fake post claiming the SEC is probing Pump.fun. But don’t worry, the SEC hasn’t confirmed anything—because why would they? 🙄

BREAKING: SEC @SECGov is taking legal action against Pump fun & its users. Their X account is now suspended.

Honestly, I was never a fan of meme coins — hype without purpose. Real innovation solves real problems.

The only value meme coins add is transaction volume …

— David Wang (@wang_8) June 16, 2025

Oh, and did I mention that Pump.fun is already facing a class action lawsuit? Yep, in January 2025, plaintiff Diego Aguilar accused them of securities law violations and raking in nearly $500 million in fees through unregistered token sales. Because who doesn’t love a good lawsuit? 💼

For now, these are just unconfirmed reports swirling around like a tornado in a trailer park, and X or any impacted parties haven’t confirmed the official reason for the suspension. But GMGN did acknowledge it on Telegram, so at least someone is talking! 📱

“We’ve noticed that the official GMGN Twitter account has been temporarily suspended. Please rest assured that we are actively appealing the decision and working to restore the account as soon as possible,” the post read.

As the situation unfolds, stakeholders are waiting for clarification from Pump.fun and others. The platform’s ability to proceed with the PUMP airdrop and maintain user trust will depend on how it navigates this setback. Until then, the crypto community is left in suspense, popcorn in hand. 🍿

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2025-06-17 10:09