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X Pulls Plug on Pump.fun and Solana Memecoin Accounts Amid Suspicion of API Misuse
Social media platform X dropped the ban hammer on multiple Solana memecoin accounts yesterday, including the popular token launcher Pump.fun.
The suspension wave swept through several prominent accounts in the Solana ecosystem, leaving the crypto community scratching their heads about what triggered this digital purge. The platform, known for facilitating viral token launches, has attracted significant attention from both users and regulators. These suspensions highlight the ongoing tensions between meme coin platforms and mainstream social media companies navigating regulatory concerns.
The affected accounts include Pump.fun’s official handle, founder accounts, and affiliated services like GMGN and Eliza. Users attempting to access these accounts after 7:30 p.m. UTC were met with user not found errors, suggesting the suspensions were part of a coordinated action.
