A sweeping enforcement wave on X has temporarily silenced more than 20 crypto-focused accounts, including those of popular memecoin launchpad Pump.fun and its co-founder Alon Cohen. Visitors to each profile were met with a platform notice stating the accounts had been suspended for “violating X rules,” though no specific explanation was given.
The crackdown extended beyond Pump.fun. A running tally shared by X user “Otto” listed at least 19 additional suspensions tied to trading apps GMGN, BullX, Bloom Trading, and AI-powered assistant Eliza OS. For a sector that has long depended on X for marketing and real-time community engagement, the mass takedown presents a major disruption—particularly for platforms in the midst of token launches or feature rollouts.
API Violations Suspected as GMGN Appeals X Suspension
Trading platform GMGN has confirmed it is appealing the suspension of its X account. In a Telegram post, the team stated it is in active contact with X’s support to resolve the issue and restore communication with its community.
Speculation is growing across crypto circles that the suspensions may be tied to violations of X’s updated developer policy introduced in January 2023. The policy restricts the use of external APIs and encourages developers to use X’s own premium-tiered API system, which can cost up to $60,000 annually for startups.
While no official confirmation has been provided, the API theory has become a focal point—particularly as multiple affected platforms are reported to have used third-party tools to bypass X’s pricing model. For now, the platform remains silent on the matter, leaving users and builders uncertain about enforcement criteria.
Pump.fun Faces Legal Heat Amid Suspension Drama
The suspension of Pump.fun’s X account comes as the platform faces growing scrutiny over its business practices. While a user claiming to handle the platform’s marketing dismissed the ban as “mass reporting,” others believe deeper legal issues may be in play.
Pump.fun has gained notoriety for making memecoin creation frictionless—often with no roadmap, utility, or oversight. While some view this as a tool for decentralization and community creativity, others say it has fueled a wave of pump-and-dump schemes across the memecoin sector.
In January, the company was hit with a class-action lawsuit accusing it of enabling large-scale market manipulation. Plaintiffs allege that Pump.fun generated nearly $500 million in fees from tokens they describe as unregistered securities. The case is ongoing, but it has sharpened concerns that the platform’s open-access model may be inviting regulatory and legal blowback.
Quick Facts
- Over 20 crypto-focused accounts, including Pump.fun and GMGN, were suspended by X without public explanation, prompting community-wide confusion and appeals.
- Developers suspect the enforcement was tied to unauthorized third-party API use, which violates X’s premium-tier policy introduced in early 2023.
- Pump.fun is currently facing a class-action lawsuit accusing it of facilitating $500M in unregistered securities through memecoin creation tools.
- The crackdown highlights rising legal and operational risks for crypto projects relying on X for outreach, as the platform increases enforcement on developer policies and account behavior.
