Social Network X Blocks Pump.fun and Its Co-Founder Alon Cohen

Social media platform X (formerly Twitter) has suspended the accounts of meme‑coin platform pump.fun and its co‑founder Alon Cohen. No official explanation was provided—X issued only a standard notice citing “rule violations.”

At least 20 crypto‑related profiles were affected, including those of GMGN, BullX, and Bloom Trading. The move triggered wide speculation in the crypto community.

Some users suspect the bans relate to criticism over suspected pump‑and‑dump token schemes. Others point to the use of third‑party API tools prohibited by X.

A marketer known as “bradenbt,” allegedly tied to pump.fun, hinted that “maybe it’s all over” following mass account complaints. He also asked if anyone would hire him. Most of X’s user base treated his comment as a joke. Meanwhile, the platform remains operational despite losing its main communication channel, and pump.fun has not yet commented.

GMGN and other affected projects announced they will appeal X’s decision.

Media reports indicate pump.fun is preparing to launch its own token, planning a $1 billion token sale at a fully diluted valuation (FDV) of $4 billion. Analysts warn that losing its X accounts could pose a serious challenge for the team.

Additionally, in January 2025, a class‑action lawsuit accused pump.fun of selling nearly $500 million worth of unregistered securities, alleging a Ponzian pump‑and‑dump operation heavily driven by influencers.