Crypto X suspension wave widens, Pump.fun and its co-founder's accounts suspended
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Crypto X suspension wave widens, Pump.fun and its co-founder's accounts suspended
A "account suspension storm" targeting the crypto industry is sweeping across X.
Navigating Web3 tides with focused insightsBy: Bitpush News
In the early hours of June 17, Beijing time, X (formerly Twitter) experienced another large-scale account suspension event, with Pump.fun—a popular meme token platform—and the official account of its co-founder Alon among those affected.
This marks a follow-up to the mass suspensions that occurred on June 12.
Dozens of accounts belonging to crypto KOLs and projects—including core accounts from the GMGN ecosystem and the Bloom Trading team—were suspended simultaneously, sparking what is being described as a "purge storm" sweeping across the cryptocurrency industry on X.
According to community tracking, in addition to Pump.fun, numerous accounts related to GMGN and other independent KOLs and project accounts have also been suspended.
These include:
GMGN-related accounts:
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@gmgnai
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@haze0x (founder)
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@arthur_gmgn (co-founder)
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@Ga__ke (associated account)
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@brc20niubi (associated account)
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@Wolfy_XBT (associated account)
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@0xcryptowizard (associated account)
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@ivyflame (team member)
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@gmgnaiJapanese
Bloom-related accounts:
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@BloomTrading
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@imBFFF00 (team member)
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@nftraian (team member)
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@CookerFlips (partner)
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@vibed333 (associated account)
Other suspended accounts:
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@bullx_io
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@ElizaOS (team)
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@shawmakesmagic
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@uxento
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@Nuotrix_
Community Reactions and In-Depth Analysis of Possible Causes
Although X has not yet issued an official explanation, multiple theories and analyses are circulating within the community attempting to explain the reasons behind this wave of suspensions:
1. Serious violation of API usage policies — Crackdown on "black market" data access: Some analysts suggest that crypto applications such as Pump.fun, GMGN, Bloom, and Uxento may have used Twitter snipers or trackers—tools designed to quickly monitor tweets or wallets. However, these tools reportedly did not obtain data directly through legitimate channels from X, but instead relied on so-called "black market" or shared APIs—unofficial or unauthorized methods of accessing X's data.
X has begun cracking down on such practices. There is precedent: another tool, WuupX, previously received a cease-and-desist letter for violating Twitter’s terms of service. Now, other accounts using similar setups are also being suspended. This unauthorized data scraping is seen as undermining X’s business model, especially given that X’s official enterprise API can cost up to $42,000 per month. Unauthorized crawling likely violates platform terms and is considered abnormal access or system abuse.
2. Platform manipulation and spam behavior: Users like @sakakimay1995 analyzed that certain suspended accounts—particularly ElizaOS and GMGN—may have employed automated posting frameworks (bots posting automatically on X) or generated大量 homogenized content aimed at driving purchases of meme coins. Content that is mass-produced, structurally repetitive, and lacks genuine user engagement is easily flagged by the platform as spam or platform manipulation.
3. Accusations of “excessive liquidity extraction” and potential fraudulent mechanisms: Crypto KOL Mary (@MaryWynnReal) pointed out that the suspension of Pump.fun’s founder might be linked to an incident known as "Liquidity Harvesting 2.0." Mary claims this refers to an alleged mechanism where funds mysteriously disappear from users’ wallets and reappear in suspicious ones.
She also noted that the suspension came just hours after internal reviews suggested the platform may have "accidentally innovated too much financially." Additionally, Pump.fun’s homepage has been jokingly referred to by users as the "Slot Machine of DeFi," a nickname said to have caught the attention of "idle regulatory interns with only superficial understanding of crypto memes."
4. Rumors of an “AutoRug” feature: Mary further revealed that insiders claim Pump.fun’s founders had been developing a new feature called AutoRug, intended to save time for developers and "liquidity exit participants" (i.e., late buyers). A Telegram admin described it sarcastically: "It’s really efficient. You launch a token, it rugs itself, then you get a push notification. It’s like Uber Eats, but delivering financial despair."
5. Potential multi-jurisdictional violations: Beyond minor breaches of X’s rules, the suspensions could also relate to alleged violations across four jurisdictions, suggesting broader legal or regulatory implications.
6. Crackdown on meme coin promotion accounts: Another theory suggests this purge may represent X’s effort to crack down on accounts that frequently post contract addresses (CAs) of various meme coins. Given the high-risk nature of the meme coin market and concerns about market manipulation—for instance, Pump.fun reportedly earned $1 billion in 2024 while only 0.4% of wallets profited, and 80% of meme coins crashed—X may be tightening oversight on the promotion of such risky financial products.
7. More far-fetched theories: Some more outlandish speculation includes involvement with posting memes featuring Trump or Musk, though these are generally not considered credible primary causes.
Community Response and Current Status of Pump.fun
The suddenness and scale of this incident have raised concerns among many KOLs and project teams about X’s content moderation practices. Affected accounts are gradually filing appeals. At the time of writing, Pump.fun’s official website remains operational, and its activities through other channels continue. Community discussions around the mass suspensions are still unfolding, and further details—as well as an official response from X—remain to be seen.
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