🚨 Pump.fun and Memecoin Accounts Face Sudden Suspensions on X – What’s Next?

Chaos erupts as X abruptly suspends Pump.fun and multiple memecoin accounts—no warnings, no explanations.

Is this a crackdown or just another day in the wild west of crypto?

Meanwhile, degens scramble to find the next ''safe'' playground for their leveraged dreams.

Solana memecoins centered around the suspensions flooded Pump.fun

Within an hour of the suspensions, community members flooded Pump.fun with new memecoins named after the ban and referencing Cohen’s alias. These tokens aimed to capitalize on the sudden suspensions.

According to DEX Screener data at 8:22 p.m. UTC, five of those suspension-themed coins ranked among the top ten tokens trending for the day. Together, they accounted for $10.4 million in trading volume during that period.

Moreover, 15 of the 31 Solana memecoin tokens that completed Pump.fun’s bonding-curve process and “graduated” in the hour following the ban were themed around the incident.

The sudden suspensions gave rise to speculations

Some users wondered whether the U.S. Securities and Exchange Commission (SEC) played a part or if there were undisclosed legal concerns around Pump.fun’s operations. Despite the fears, Pump.fun’s main platform remains active.

Pump.fun has already faced criticism for scam coins and pump-and-dump schemes. Back in January, the platform faced a proposed class-action lawsuit accusing it of selling “highly-volatile” unregistered securities and raking in nearly $500 million in fees.

And earlier this month, reports surfaced that Pump.fun aims to raise $1 billion through a token sale at a $4 billion valuation, though details about that plan remain sparse.

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