Pump.fun and Founder Suspended on X Amid Memecoin Crackdown
Popular Solana memecoin launchpad Pump.fun and its founder Alon Cohen have been suspended from X, fueling speculation across the crypto community.
As of Monday, both the platform’s @pumpdotfun account and Cohen’s personal handle @a1lon9 remained offline, with X citing violations of platform rules.
Uncertainty Swirls Around Suspensions
The sudden ban of both accounts has triggered rumors about regulatory involvement, with some users pointing fingers at the U.S. Securities and Exchange Commission (SEC). Others have questioned whether the takedown reflects deeper concerns about the legality of Pump.fun’s operations.
So far, no official statement has been issued by X, Cohen, or the SEC. Despite the social media blackout, Pump.fun’s main site remains live and fully operational.
Critics Say Platform Enables Memecoin Scams
Pump.fun rose to prominence during the Solana memecoin frenzy, allowing users to quickly launch tokens with minimal effort. While the platform has fueled viral success stories, it has also drawn criticism for allegedly facilitating pump-and-dump schemes and enabling low-effort scam coins.
The recent suspensions add to growing questions about the future of decentralized meme token launchpads, especially as regulators begin to tighten their grip on fast-moving corners of the crypto market.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
