On June 16, the social network X suspended the accounts of the “meme-token factory” Pump.fun and its founder.
Alongside them, at least 19 other cryptocurrency-related accounts were also suspended. The accounts display the standard message regarding a violation of X’s rules.
A user known as Otto compiled a list that includes trading platforms GMGN and BullX, Bloom Trading, and the AI tool Eliza OS.
IT’S NOT JUST PUMP FUN! ?
Major CT suspensions (Ongoing Tracker)
Here’s what we’ve got so far ??
GMGN-Linked Accounts@gmgnai @haze0x — Founder@arthur_gmgn — Co-founder@Ga__ke — Affiliate (?)@brc20niubi — Affiliate@Wolfy_XBT — Affiliate@0xcryptowizard — Affiliate… pic.twitter.com/u5WbYP3rJD
— Øtto⚡️ (@0xottoman) June 16, 2025
Representatives of GMGN reported on Telegram that they are contesting the decision and are negotiating with X for a swift restoration of access.
Users noted that the social network does not allow even tweets containing a link to the Pump.fun website to be published.
The crypto community is discussing several theories about the incident. One theory suggests the suspensions are linked to the use of third-party APIs that bypass X’s paid subscription. The cost of the official API for startups starts at $60,000 per year.
Other users believe that the reason was a mass filing of complaints against the accounts.
Legal Troubles
There are also rumors circulating that the suspension might be linked to a court order.
?BREAKING?
PUMPDOTFUN ACCOUNT SUSPENDED DUE TO COURT ORDERS. ANYONE USING THE SITE TO DEV TOKENS AND OR ORCHESTRATE PUMP AND DUMPS WILL BE HELD LEGALLY RESPONSIBLE pic.twitter.com/BJCK5HaStE
— scooter (@imperooterxbt) June 16, 2025
Earlier this year, Pump.fun faced legal issues in the United States. New York firm Burwick Law announced it was preparing a lawsuit against the platform on behalf of investors who lost “significant sums.”
Following the account suspension, the lawyers handling the case stated they already represent over 500 investors who may have lost money due to tokens launched through Pump.fun.
If you lost money on Pumpdotfun, you may be entitled to compensation.
Start your claim now. Burwick Law represents 500+ investors pursuing legal action regarding pumpdotfun tokens.
Attorney advertising. Prior results do not guarantee a similar outcome. pic.twitter.com/gy6JWgA8V5
— Burwick Law (@BurwickLaw) June 16, 2025
Back in February, the X account of Pump.fun was hacked to promote fraudulent coins. The project team regained access to the account on the same day.