TLDR
- X suspended major crypto platforms including PumpFun, BullX, and GMGN on June 16 without explanation
- Personal accounts of founders like Alon Cohen and Shaw Walters were also removed in coordinated action
- Suspensions occurred just before PumpFun’s planned PUMP token sale worth $1 billion
- Projects forced to rely on Telegram and websites for communication after losing X access
- Former PumpFun team member arrested in UK for allegedly stealing $1.9 million in SOL tokens
Social media platform X launched an unexpected crackdown on cryptocurrency projects on June 16, suspending multiple high-profile accounts without warning. The mass suspension targeted popular platforms that facilitate memecoin trading and Web3 services.
Major crypto projects including PumpFun, BullX, and GMGN found their accounts suddenly inaccessible. The platform has not provided official explanations for these actions.
The timing proved particularly problematic for PumpFun, which was preparing a massive $1 billion PUMP token launch. Other affected platforms included ElizaOS and Bloom Trading, creating confusion among their user bases.
Personal accounts belonging to team members and founders also faced removal. Alon Cohen, PumpFun’s founder, and Shaw Walters had their personal profiles suspended alongside official company accounts.
The suspensions affected GMGN-linked accounts including @gmgnai, @haze0x, and @arthur_gmgn. Community trackers labeled the event as “major CT suspensions,” referring to crypto Twitter accounts.
Crypto analyst reports suggest the systematic approach indicates X implemented coordinated action rather than isolated account suspensions. The broader targeting suggests potential policy changes affecting cryptocurrency-related content.
BREAKING: X Suspends Several Crypto Projects Including PumpFun, BullX, GMGN & More!
X has suddenly suspended the accounts of many popular crypto projects. These include:
▪️ PumpFun
▪️ BullX
▪️ GMGN
▪️ ElizaOS, Bloom Trading, and others
▪️ Even some personal accounts of team… pic.twitter.com/Gc5OdizppS— Crypto Patel (@CryptoPatel) June 17, 2025
Communication Channels Disrupted
The sudden suspensions limited these projects’ ability to communicate with their communities. X serves as a primary channel for crypto projects to share updates and engage with users.
Without access to official accounts, platforms cannot easily reach established audiences or provide information about services. This creates particular challenges for projects preparing token launches or major announcements.
Most affected projects maintain active presences on alternative platforms. Their websites remain operational and Telegram groups continue functioning normally.
However, reach and engagement levels differ from X’s broader audience. The disruption comes at a time when social media presence directly impacts crypto project success.
Trading Activity and Market Response
In the immediate aftermath, PumpFun token volumes surged despite the account suspensions. At least five suspension-themed memecoins registered among the day’s top ten tokens on DEX Screener.
These suspension-themed tokens collectively moved over $10 million in trading volume within one hour. The market activity suggests investor interest in the controversy surrounding the suspensions.
Theories Behind Suspensions
No official rationale has been provided by X for the account removals. Industry observers suggest possible violations involving unauthorized APIs or spam policies.
Theories include unauthorized use of third-party APIs used by PumpFun, GMGN, and Bloom for tracking tweets or automating trading. These technologies potentially violate X’s platform manipulation policies.
Additional theories involve possible misuse of live-stream features or regulatory scrutiny. However, these remain speculation without official confirmation from X.
GMGN co-founder Haze posted on Telegram that “the reason for the suspension remains unclear.” Teams from impacted entities are working to get clarity from X.
The lack of transparency from X has left project leaders scrambling to understand policy violations. Without clear guidance, similar disruptions could affect other crypto projects.
A former PumpFun team member was arrested in the United Kingdom for allegedly stealing $1.9 million worth of SOL tokens from the platform.
