Multiple Solana-based cryptocurrency ventures, including meme coin platforms Pump.fun and GMGN, have had their official X (formerly Twitter) accounts abruptly suspended without detailed explanations. Notifications cited violations of platform rules, though specific infractions remain undisclosed.
Affected projects include Pump.fun, GMGN, BullX, and Eliza OS, with key figures such as Pump.fun co-founder Alon Cohen and Eliza OS founder Shaw Walters also experiencing account removals. Industry speculation points to potential unauthorized use of X’s APIs for data scraping activities, alongside unverified rumors of U.S. Securities and Exchange Commission scrutiny targeting Pump.fun.
The suspensions occur against the backdrop of Solana’s meme coin ecosystem, characterized by extreme volatility and minimal oversight. The sector has drawn attention for controversial marketing tactics, including orchestrated extreme behaviors during live streams to promote tokens.
Despite the social media restrictions, all impacted projects continue operational activities. GMGN and BullX have initiated formal appeals with X, seeking account reinstatement while maintaining community engagement through alternative channels.