- The X account of Pump.Fun was suspended after a Hack Neptokens and in the midst of regulatory testing.
- Rumors about “Autorrug” tools have expressed serious concern about the practices of the platform.
- The suspension coincides with the launch of Pump.Fun’s own token with a rating of $ 4 billion.
Pump.Fun, the popular and controversial Solana-based Meme Coin Launchpad, has abruptly suspended his official X (formerly Twitter) account. The move, which came without a public statement from X, has activated widespread speculation about the crypto community and casts a shadow over the upcoming token launch of the platform.
The report of Pump.Fun co-founder Alon Cohen was also removed on Monday. The suspension was part of a broader sweep on the social media platform that also influenced various other crypto projects.
The inexplicable Takedown
On Monday, the X account of Pump.Fun was suspended without a public explanation, with the usual general notification of the platform: “X apron accounts that break the X rules.” The report by co-founder Alon Cohen was also removed, just a few hours after he joked about ‘accidentally innovating too hard’.
This suspension was not isolated. It took place as part of a wider sweep that also influenced the Crypto projects of GMGN, BullX, Bloom Trading and AI Agent Platform Eliza OS. Founders and affiliated team members were hit in the same way.
Although X is silent about the details, some speculate that the mass suspensions can be tied to the use of unauthorized APIs from third parties, a practice X lifted last year with the introduction of a unaffordably expensive API plan of $ 60,000 for startups.
Related: Memecoin Frenzy: Fartcoin leads pump. Fun Surge with $ 62.42 million trade volume
Earlier this year, the X account of Pump.Fun was compromised. Hackers used the official lever of the platform to promote a fake governance token with the name $ pump, making users believe it was an official launch.
The scam escalated when a follow-up post advertised for a fake GPT-4.5 token, which threatened to remove the pump. Fun account if it achieved a market capitalization of $ 100 million.
A history of controversy: from hacks to “carpet pull” rumors
Pump.Fun, built on Solana, have users made and exchange meme -tokens in a few minutes. His simplicity and viral success made it a heavyweight of meme coins, but also attracted serious criticism. Influencers began to label it, the “Slot machine of Defi”, which implies that the platform stimulates speculation with a quick risk.
Furthermore, rumors about a function that Autorrug mentioned, a tool that is reportedly designed to immediately launch and close tokens, where pocket holders remain in the dust, put the platform under considerable criticism.
This criticism is intensified just like pump.
Related: Solana’s Meme Coin Boom: here is what pumps in June
Despite the suspension on X, Pump.Fun remains operational via its website and telegram. But losing access to its primary communication channel at a crucial moment, just before a token launch, can significantly influence the involvement and trust of the community.
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