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By Shaurya Malwa|Edited by Parikshit Mishra
Updated Jun 17, 2025, 5:25 a.m. Published Jun 17, 2025, 4:51 a.m.
- Social media giant X suspended Pump.fun’s official account and co-founder Alon Cohen’s handle on June 16, along with other memecoin platforms.
- The platform provided no reason for the suspensions, leading to speculation about policy enforcement or regulatory intervention.
- Pump.fun’s website remains operational, continuing to produce Solana memecoins despite the suspensions.
Social media giant X suspended Pump.fun’s official account and co-founder Alon Cohen’s personal handle on June 16, alongside other memecoin-related platforms including GMGN, Bloom Trading, BullX, ElizaOS, and more earlier on Tuesday.
The platform issued no reason, triggering speculation about internal policy enforcement or wider regulatory intervention, but sparked grapevine talk in crypto circles of a possible legal crackdown on such products.
Story continues
Pump.fun’s website remains live as of Asian morning hours Tuesday, continuing to churn out Solana memecoins uninterrupted.
Theories range from unauthorized livestream or API abuse, pump-and-dump mechanics, or early-stage SEC activity. So far, none of these theories have been confirmed by platform officials or regulators.
Last November, concerns over unsafe livestream content, ranging from threats of violence to explicit stunts, forced the team to disable the feature entirely.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
