On June 16, social media platform X suspended the official accounts of Pump.fun, its co-founder Alon Cohen, and several other memecoin platforms. The platform gave no explanation, prompting speculation about policy enforcement or regulatory action. Despite the suspensions, Pump.fun’s website remains fully functional and continues to generate Solana-based memecoins. The incident has raised fresh concerns in the crypto space about increasing oversight and platform-level crackdowns on memecoin-related activity.
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