The X accounts of popular Solana-based memecoin launchpad Pump.fun and its co-founder Alon Cohen were suspended by the platform on Monday.
The suspensions appear to be part of a broader enforcement action targeting dozens of crypto-related accounts, including accounts linked to other services such as GMGN and ElizaOS.
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Although X is yet to disclose the reasons these specific accounts were banned, industry observers speculated that possible causes could be the misuse of third-party APIs, platform manipulation, spam, and general regulatory scrutiny.
In recent months, Pump.fun has faced a number of lawsuits alleging the sale of unregistered securities and other claims tied to its role in facilitating highly volatile and controversial memecoin launches.