BREAKING: Social Media Giant X Abruptly Kills Memecoin Accounts—Crypto Community Reels

Another day, another crypto crackdown—this time with zero warning. Platform X just pulled the plug on dozens of memecoin-related accounts overnight, leaving traders scrambling and the usual suspects crying ''censorship.''

No explanation, no appeals process. Just the sound of vaporized liquidity and the distant laughter of Wall Street bankers placing short bets.

Subheader: The Aftermath

DeFi degens report at least three emerging memecoins collapsing 80%+ within hours of the purge. Meanwhile, X''s stock price... oddly stable. Almost like traditional finance enjoys watching crypto eat its own tail.

Closing thought: Nothing says ''decentralization'' like a single corporation deciding which assets deserve oxygen. But hey—at least the SEC didn''t charge anyone $100 million this time.

$153 blockchain, along with the personal account of its co-founder, Alon Cohen. Other memecoin-focused projects like GMGN, Bloom Trading, BullX, and ElizaOS were also affected by this decision, creating shockwaves across the cryptocurrency community. Platform X has yet to disclose the official reason behind these suspensions, while Pump.fun’s main website continues its operations without interruption.

ContentsThe Mystery Behind Account SuspensionsPump.fun Maintains Web OperationsSecurity Measures Taken in the Past

The Mystery Behind Account Suspensions

X platform has not provided any official statement explaining the account suspensions. This silence has led to various speculations ranging from non-compliance with content policies to suspicions of illegal activities. In cryptocurrency circles, there is speculation that the platform is taking measures due to increasing regulatory pressures.

The close monitoring of the cryptocurrency sector by the United States Securities and Exchange Commission (SEC) and potential new regulations further fuel these speculations. However, neither X platform nor the relevant regulatory bodies have provided any official confirmation or explanation related to the suspensions. This uncertainty raises more questions about the backdrop of the incident.

Pump.fun Maintains Web Operations

Despite disruptions to its social media presence, Pump.fun’s main website remains fully accessible and operational as of the morning of June 18, Tuesday, Asian time. Users continue creating new memecoins using the solana blockchain without any restrictions.

The closure of social media accounts significantly hinders the platform’s communication and public relations activities with its community. Users express concern about experiencing difficulties accessing updates and announcements, highlighting the tension between the continuity of centralized services and the dependence on social media.

Security Measures Taken in the Past

Last year, Pump.fun permanently closed its livestream feature due to concerns about platform reputation and security. This decision came after detecting broadcasts promoting violence or containing extreme content. The platform management emphasized prioritizing user safety and compliance.

While this previous measure reflects Pump.fun’s sensitivity to regulatory expectations and content rules, it remains unclear whether current social media suspensions are connected to similar security or compliance issues. The events underscore the fragility of relationships between cryptocurrency projects and social media platforms, as well as the uncertainties in the regulatory environment.

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