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X (formerly Twitter) suspended Pump.fun’s official account and its founder Alon Cohen’s handle, along with dozens of other memecoin-related profiles. The unexplained bans triggered a surge in memecoin trading, with $10.4M in volume within an hour.
- X suspended Pump.fun's account and founder Alon Cohen's handle, along with dozens of memecoin-related profiles, without explanation.
- Within an hour of the suspensions, users created memecoins referencing the event, driving $10.4M in trading volume.
- 15 of 31 tokens graduating from Pump.fun post-ban were related to the incident, representing 9% of daily bonding curve completions.
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