X Suspends Pump.fun, GMGN Over Meme Coin Concerns

X Suspends Pump.fun, GMGN Over Meme Coin Concerns
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X has suspended several crypto accounts, including meme coin launchpad Pump.fun and trading tool GMGN, without explanation. Speculation points to API abuse or growing scrutiny over Solana’s meme coin ecosystem.

  • X suspended Pump.fun, GMGN, and other crypto accounts without explanation, sparking speculation over API abuse or meme coin risks.
  • GMGN is appealing the suspension, while BullX alleges it was targeted by mass reporting amid false claims of shutting down.
  • The Solana meme coin ecosystem has drawn scrutiny for dangerous stunts, including fake suicides and threats during live promotions.
Related Tags: SolanaSEC
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